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

To: Eashoa' M'sheekha who wrote (28194)	2/13/1999 6:15:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116764

553sez: "But a stabilized mkt doesn't make anyone $$." True. au contraire! There is always a bid/ask spread, yes, even in gold or any other form of money. In a volatile market, spread just gets wider, that's all.

To: Eashoa' M'sheekha who wrote (28194)	2/13/1999 10:32:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

What is money? Interestingly astute question for someone to ask. IMO, money is an illusion. It is an idea or concept that people accept as a proxy for an actual good or service. Gold as money is as much an illusion as paper currency backed by the full faith and credit of our government. To deny the credibility of a nation's currency, especially the US dollar, is to question its government and people productive worth. When that occurs, gold may not have much value either. Now for your questions, in sequence from calling a bottom: 1.) no 2.) no, and neither can you. 3.) " " " 4.) no, but would appreciate any direction to relevant sources. 5.) only what I read here and a few other locations. 6.) only what has been stated here and a few gold related sites. 7.) Good question. India seems to the prevalent consumer of gold. 8.) Absolutely, if that uncertainty undercuts the entire financial system and especially the primary reserve currency, the US dollar. But preventing rising gold prices would be a focus of CBs trying to prevent that feeling of uncertainty from becoming prevalent. 9.) Only if I was worried about inflation and not deflation. I prefer term life insurance over whole life insurance. I prefer cash over gold, since eventually that gold will need to be converted to cash and I don't have to worry about gold being declared a "strategic metal" and confiscated as occurred in the '30s. 10.) If I bought it anytime in the past 16 years? ABSOLUTELY!!! Gold has lost value relative to most other storehouses of value that have greatly appreciated. 11.) heirloom values are strictly relative and extend to many items that cost far less and sell for far more. Eg: Barbie dolls in mint condition from the '50s. con't...

To: Eashoa' M'sheekha who wrote (28194)	2/13/1999 10:54:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

12.) Only if the prevailing psychology suggests that gold is appreciating in contrast to other assets. 13.) Only if I were certain that all other asset classes would underperform gold. 14.) nope. But then again, that is why I'm here. To figure out if gold will be the valuable asset during Y2K that everyone has predicted it would be. (oops.. I fibbed. My wedding band and the circuitry in my 'puter...:0) 15.) see above. 16.) not my business. The question should be "does it make sense to own gold". The answer to that question would reveal a resounding "no" were it asked in 1982 when gold was $850/ounce. (But there were many who said that you should buy more even then due to the upcoming economic collapse expected in the '80s). 17.) Good question. Only if causes a financial or economic disruption that negatively impacts greater society. People's rights extend only to the extent that they do not attempt to harm the majority of society (IMO). 18.) No more than buying one-ply toilet paper instead of two-ply. 19.) Those who see any kind of currency not fully backed by, and exchangable for, gold on a pre-set valuation. Those who see a Fiat backed system of money as "unpatriotic" even though it is fully backed by the government and taxbase of that countries population. Gold was a global currency. Now think about this closely: I opine that Gold was the original NWO of financial control because only those who held the gold had power in the world. Its power transended borders and unfairly penalized those who could sustain faster economic growth and efficiency while enriching those who were able to exploit and corrupt economies through their transactions. The Fiat system has placed the primary responsibility for a country's economic health upon its own gov't and CBs, and the sound economic policies that they follow. Hope this game of "almost 21 questions" helped you out. Regards, Ron