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

To: long-gone who wrote (27738)	2/4/1999 8:08:00 PM
From: Little Joe	Respond to of 116811

Richard: What you say is also true, but it does not alter the fact that an analysis that does not take IRA's , etc and money market funds and consider as part of savings can't possibly be right and is flawed. All I am saying is that there are more real savings and more capital available than a simple analysis of the amount in savings accounts would indicate and a failure to take these into consideration means their analysis is flawed. Also, you can't buy on margin in IRA's. Judging from my experience in estate planning, I find that most of these plans are heavy into blue chips and not into internet stocks. In fact a lot of the IRA's that I see are in mutual funds which have performed well. I agree that if the market goes down a lot of these savings could evaporate, but there is a lot of money in these IRA's and some of it is in cash and cash equivelents. I am of the opinion that the likelihood is that we will see inflation or stagflation. By the way I subscribe to Martin Weiss's newsletter. I am thinking of stopping it is sooooo depressing. He is of the view that we are in for a 1929 style depression and that gold will drop below 180. I sure hope he is wrong on both counts. Live long and prosper, Little joe