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

To: goldsnow who wrote (27429)	1/31/1999 9:20:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116834

Merril Lynch: "The powers that be...seem intent on inflating capital markets" gold-eagle.com

To: goldsnow who wrote (27429)	2/1/1999 7:05:00 AM
From: long-gone	Respond to of 116834

GS, (all) Just a thought: AMERICA ONLINE (NYSE:AOL) - P/E = 390.56, Mkt Cap = 80.519B 1/10 of market cap expressed in oz. gold = 27957986.11111 YAHOO INC (Nasdaq:YHOO) - P/E = 1540.22, Mkt Cap = 34.961B 1/10 of market cap expressed in oz. gold = 12181533.10105 AMAZON COM (Nasdaq:AMZN) - P/E = N/A, Mkt Cap = 18.510B 1/10 of market cap expressed in oz. gold = 6449477.351916 EXCITE INC (Nasdaq:XCIT) - P/E = N/A, Mkt Cap = 6.114B 1/10 of market cap expressed in oz gold = 2130313.58885 The ugly lie that has been told, repeatedly, by investment advisors during this bull market run is that "Gold is a dead asset, it pays no dividend and provides no growth for the common investor". This is a lie because the common investor also holds a mortgage which can be over collateralized with gold coins(or bars) left on deposit with the bank thus buying down a mortgage amount or rate. Most international and national banks will recognize gold as collateral for loans the same as cash. Is it possible that if a person had a large amount of money "invested" in the highly volatile Internet issues, a partial conversion of assets to a traditionally counter-cyclical asset class might be wisely considered? Have a good day.