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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (51918)	3/14/1999 4:00:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

The trouble with gold is that if it doubles in price, production will immediately go up, and most gold that goes onto the market never goes off it again except what goes into people's teeth and a lot of that probably ends up dripping out the grates of a crematorium. I did not bring this up with the undertaker the last time I dealt with him but I can't help suspecting. In any case, there is a finite market for gold. Silver is somewhat more of a consumable, though a lot of that gets recovered, too. But the silver market has been so depressed for so long that the supplies of silver really are running out. But if you ask whether gold or stocks is a better bet right now, gold looks very good. For maximum liquidity (assmuming --as I do--that it's a totally honest operation), Central Fund of canada is hard to beat. CEF. it was about half gold and half silver (pure bullion) the last time I checked, and can be bought and sold as easily as anything else via a broker on the Internet or elsewhere--and no storage or insurance or getting murdered problems.