Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: X Y Zebra who wrote (19425)	9/21/1998 11:45:00 AM
From: Stephen O	Read Replies (3) \| Respond to of 116759

"To this day, I understand that if interest rates head lower, that can not be bad for stocks. " In the 1930s interest rates went down and stocks went down

To: X Y Zebra who wrote (19425)	9/21/1998 5:16:00 PM
From: marcos	Read Replies (3) \| Respond to of 116759

Bienvenidos, equis, a la Casa de Loros de Oro .. tenemos de vez en cuando algo de ver, #reply-5798026 , a mi ver ;-) (bien hecho, nievedorado) ... x - a mi modo de ver; 1. Gold is solid, it is the only financial asset that is not someone's liability, it is more than paper, more than electronic entries in accounts. Rare, beautiful, malleable, easily divisible, heavy and therefore compact, easily portable - gold is the best of all possible choices for a currency standard, imho, while our species has a few thousand years of history using it as money. 2. We need standards for currency, imho - otherwise we are subject to the whims of politicians and bureaucrats. Adam Smith saw this clearly; bibliomania.com 3. The big holders - the US, Germany, France, Italy - are not selling. 4. Gold is currently shorted heavily, through options and futures and hedging programmes. Hard to tell exactly how heavily, it's not a transparent market - but I give credence to reports of a total short position well into the thousands of tonnes. Shorting gold has been a great business for the last while, but one day it will find a bottom, and all those people will have a very difficult time covering all at once. So the above makes me pro-gold, I guess ... but not necessarily a bull in the short term .... as you say, it's about trust, the trust of the main body of the herd - and the herd still seems to put great faith in those dolares estadounidenses, which are backed by the power to taz the American people - a formidable power, the greatest economic power the planet has ever known. So I hold a few gold stocks (less than eight days ago, though), and a few oil and gas stocks, and cash, mostly ..... watching and waiting ... it's a long road ... .... salud, pesetas, amor y el tiempo para gozarlas! .... marcos