Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (301)	3/4/1999 1:16:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Richard, You must have had a fascinating career. I'm not a computnic. I spent 40 years the data communications field. Yes, gold may have lost it's monetary value in many parts of the world but not all. I am more inclined to believe that we are going through a period where its value isn't recognized as universally as at other times. As indicated in my last email, it seems to me that the selling of gold that is borrowed is holding the price down. I believe there is general agreement that, otherwise, there would be a significant supply deficit. I thought we were generally in agreement on these points. These assertions lead me to conclude that, to hold the price down, the amount of gold that is loaned must be continually increasing. At some point, the increase will stop and the roof will come off. It is these basic assumptions that lead me to believe that gold isn't just another commodity subject to the normal supply/demand tug a war. However, I have no special expertise and am just using the information that seems to be reliable and generally available. I appreciate your thoughts. Cheers, Larry