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To: Merritt who wrote (2425)	9/2/1998 2:01:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

<<<After the crash of '29 (which, to me, had more similarities with today's market than the '72 bear) gold was a poor investment vehicle (of course that was probably because of gov't intervention).>>> This is simply untrue. Goldmining stocks soared about 800% during the years of the Great Depression following the CRASH as gold climbed higher and higher. The government fixed the dollar to gold in order to stabilize it, thus mining shares profits exploded. In a deflationary environment, everything drops including paper money... wealth is horded away in its most basic level...IMO that will be GOLD. Many argue that it will be treasury bonds instead? I disagree because T-Bonds are denominated in dollars, as the dollar drops so does the value of T-bonds. Gold has been the ultimate store of VALUE for thousands of yrs and will continue to be so as currencies get shredded over the coming year. Throw in yr 2000 and you've got a recipe for fabulous profits. the coming economic disaster will be nothing like the inflationary period of 73-74 -Lucretius