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

To: JS who wrote (30769)	3/28/1999 10:41:00 AM
From: Gord Bolton	Read Replies (2) \| Respond to of 116796

I once knew a late philosophy professor who stepped off of a tall building. The earth accellerated quickly towards him and caused him significant and fatal injuries. Over the last year POG has risen significantly in relation to many of the world's currencies. So has the American Dollar. If you lived in Brazil, your surplus real money (pun intended) was much better converted to American dollars, gold, gold mining stocks and preferably ARP.vse over the last year. The larger, the more diversified and well managed an economy is, the smaller the role of gold will be in relation to supporting paper currency or as a currency in itself. The USA has enjoyed a booming economy for most of this decade and surplus money invested in high tech companies such as Intel and Microsoft or just about any American Mutual fund would have appreciated significantly against gold or gold stocks. And of course there is politics involved in the gold world, just as there is in the oil world. It is in fact all the same world. If you think gold will go up in relation to your American dollar or in relation to any other investment then buy gold. If you don't, sell your gold and invest in something else. Do you think that it is possible that many people have been selling gold to buy oil stocks recently? Would you blame them? And as many wise men have learned, you simply cannot fight the ticker. And in spite of the strength of the American economy and the US dollar the US appears to have a growing trade deficit. How will that be corrected and when? How will rising oil prices affect the balance of trade and the prospects for growth? There is obviously a struggle going on to determine what will be the world currency in the global economy. Is gold more stable and readily exchangeable than the US dollar? A currency has two functions; a store of value and a means of facilitating trade. Obviously everyone has to make their own accessment and choices based upon their individual situation and outlook. It cannot be otherwise. People and institutions are buying, selling or holding gold, oil, silver, and every other commodity or currency based upon their own accessments and needs. That is the market. Whether we are all going to hell in a handbasket or on the verge of major opportunities is really a matter of both situation and perspective.