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


To: Hawkmoon who wrote (26434)1/18/1999 7:51:00 PM
From: Bill Murphy  Read Replies (2) | Respond to of 117321
 
Ron,
You have a very good mind, if I may say so myself, and I certainly understand your points. Very well put. I am blessed to be a part of a wonderful family. Two of them, with a chock full of kids, are in the title reinsurance business. Tops in their field in Southern California. I do not want a disaster for them, or anyone else.
But, I am irrelevant in that sense. Let me turn it around for you. My camp says there is a ridiculous bubble out there and cheap gold loans are just one facilitator of this bubble. For every action, there is a reaction. The bubble will burst. If it bursts now, the reaction may not be too bad. If it goes on, from here, who knows.
Even if what I am trying to do works, ( I should be so fortunate)I could be doing much good not harm. Que sera,sera.

Bill



To: Hawkmoon who wrote (26434)1/19/1999 7:38:00 AM
From: long-gone  Read Replies (1) | Respond to of 117321
 
<<Like I said, I understand your perspective on gold.

However, I worry more about people's jobs and the impact a quick upsurge in the price of gold will have on economic confidence that we already know is very shaky. >>
Ron, If I may ask,
Would it not be ggod for total job environment if gold miners could go back to work? I live in the Denver Metro Area, It would do our local economy good if the mining companies who have their home offices in the Denver area to need to recall / hire new people if gold went up in value.
Gold bugs would sell some stock(or gold), and pay taxes and spend money, thus allowing more work in the service economy.
rh