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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (2584)	12/12/1998 9:21:00 PM
From: Robert Dirks	Read Replies (1) \| Respond to of 81092

>>Gold is over valued. $250 is the correct value, and dropping daily. Will it hit $250 NOT VERY LIKELY.<< Thats fine, you can pick a number that your comfortable with and go with it. Apparently a lot of investors are comfortable with record high S&P PE ratio of 31. Im not. A lot of investors are comfortable paying 500 X earnings for internet stocks. Im not. Gold has been around for 5000 years + and has been always sought after by humanity. Human instincts (much of it bad) have not changed. I go with the 5000 year + track record, suit or no suit. Yes, things look bad right now, they always do at the bottom of the trough......