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: Jim McMannis who wrote (25684)	1/8/1999 2:43:00 PM
From: The Street	Read Replies (1) \| Respond to of 116791

Still read the Tico Times! Have put on hold my permanent move to Ticoland though-- have a couple of Biz Deals that I cannot pass up. So still looking. True about the dividends-- but all those currencies are backed by debt-- gold is not. I wish I had a crystal ball that WORKED....

To: Jim McMannis who wrote (25684)	1/8/1999 3:37:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116791

<<Very astute... Interestingly, when the gold stocks tanked in '87, the POG held up pretty well and only started to decline a few months later. This is why I refered to Gold Stocks and NOT the POG. Never the less, the POG didn't set the world on fire either at that time but on the other hand the world didn't go to h&ll in a hand basket either, even though it looking like it would on October 19th, 1987. True, gold can be construed as a currency. The arguement goes though, that there are a lot of other currencies that pay dividends. Gold doesn't. So the gold bug arguement goes that gold will be the last standing reserve currency. Maybe it will be, but it sure will be an ugly world when it does. I'm storing a little food and fishing tackle.>> I have some rather interesting data on the history of HM stock dating back more than a century. While the gold stocks also dip hard during an absolute crash(though at times not like the other issues), they recover very nicely. Sometimes it took weeks, others, months. It always happened. There was even a rather nice gold stock move well after 87 crash. cheers rh