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

To: ali who wrote (26609)	1/21/1999 12:05:00 AM
From: Hawkmoon	Read Replies (4) \| Respond to of 116764

Alright... maybe I'm being a little extreme on the price impact of gold on the technology sector. But I still see no one able to tell me why this friggin' little yellow metal is worth throwing the world into depression over. And if you think that it wouldn't, again I remind you of how quickly those carry trades in the Yen disrupted bond spreads throughout the commercial credit sector and sent CriimiMae from solvency to bankruptcy in two weeks time last August. Anyone here still remember the stories their parents/grandparents told them about the last depression?? That one led to WW2. A depression now on par with that one would be far more serious. The weapons are more destructive and there a lot more people to feed and keep distracted so they don't contemplate what they have lost. Not to be overly melodramatic, but knowing the likely outcome of a massive and sudden "all out brawl" between gold bulls and bears could be conflict and war, how many lives is it worth for this shiny metal. And of course, I am being extreme here, but after the LTCM near-miss, maybe I'm not. Once things are set in motion and people's greed takes over, they forget about the ramifications. Regards, Ron