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

To: Don Green who wrote (24946)	12/26/1998 7:47:00 PM
From: teevee	Read Replies (2) \| Respond to of 116762

Hi don, The price of gold is heading down. Why you ask? The answers are simple: 1. Demographics-The bulk of gold bugs are oldsters with grey hair. There are fewer of them every day. Gold is not relevent to young people and the new economy. This is another way of saying: What has more value? The chip or the raw materials like gold, silicon, gallium-arsenide or whatever the chip is manufactured from? Obviously, it is the chip. Gold? its just another commodity. 2. Look at the price of all other commodities. They have never been cheaper. Oil is a great example. Oil is cheaper in real dollars than it has ever been before. Surely the price of gold will follow. Where will the price go to? I think anywhere from US$150 - 200 per ounce. Get out now before the bottom drops out. Happy New Year, teevee