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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (828)	11/21/1998 12:24:00 AM
From: Ilaine	Read Replies (1) \| Respond to of 3558

>>>>>You want to trade your Double Eagle, but the other party will only give you a life saving loaf of bread for it.<<<<< If you are attempting to trade from such a position of weakness, it doesn't matter what you have to trade. The other side has the upper hand, and that may have everything to do with the value of the particular transaction, but nothing to do with the objective value of the transaction, imho. CobaltBlue

To: ahhaha who wrote (828)	11/21/1998 7:32:00 PM
From: dwight vickers	Respond to of 3558

I find myself agreeing with almost everything you believe, except for a couple of items. 1. I'm a recent gold convert for several reasons. One being that an 18 year bear market is what I consider to be buying low. Never owned physical metals until the last year. Didn't considered it prior, even though I felt that interest rates would work lower since before Reagan raised rates. 2. In the "The Golden Constant" by Roy Jastram (John Wiley and Sons) the author states that an anlysis of gold shows that it has actually lost value during every inflationary period, and gained value during every deflationary period, over the last 416 years. The worse the deflation, the more it gained. Now possibly it just looked good in comparison to real estate and all the paper assets that were deflating on a massive scale. 3. That better be one damn good loaf of bread for my Gold Eagle!!! Good luck, Dwight