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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (17716)9/5/1998 10:37:00 PM
From: long-gone  Read Replies (2) | Respond to of 116764
 
I must agree(at some level)(corrections vs the crash of all time) this strikes at the heart of what I was just "talking" to John about. We as a nation seem to be returning to a time of "subtance over style".
There seems to be a new willingness(sentiment shift) to "allow" a certain % of the overall investment $ to go to precious metals, as "investment advisors" have now learned "the gold bugs will not simply go away or change". The P.C. world of anti-mining is being shut up with many who were short "getting taken out back to the woodshed".
Third world events have shown it seldom makes sense to have all your
money in one currency. The currency controls which have been installed
by those same third world countries have left gold as the only "currency" available to many caught with $ over there to get money out.
The sole thing that makes me wonder about this bear vs bull debate, is
the "where you are standing" argument. While there are many brokers who have never sen better times, and a few investment bankers doing very well, many are only getting by. There are wheat farmers in KS now getting less for a bu of grain today than 40 years ago!
This should not happen with a world population far outstripping farming yield increases. When the "land in tillage" factor is taken into consideration, something is very funny here. Yes, Im the very first to admit that there have been great improvements in actual yield, but they just don't add up. It must be deeper than simply a very strong $
rh