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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (102228)	2/17/1999 8:06:00 PM
From: Chuzzlewit	Respond to of 176387

Lucretius, this is a serious question. I am not being flippant. If gold is such a good investment, why has it not generated any economic benefit. To my mind, gold is what some people buy because they believe it will maintain its relative buying power relative to paper currencies. But there is no guarantee of that. The Romans were paid in salt. American Indians used sea shells and beads. In other words, these great hedges are hedges only because people agreed they are. That means they were no better or worse than any other, including gold. What happened to gold from the late 1970's to now? In spite of a period of fairly substantial inflation the value of gold has diminished. By contrast, Dell computer and a host of other technology businesses have generated substantial economic profit. Regardless of whether you think the security is overpriced, wouldn't you agree with that as a starting point? TTFN, CTC