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


To: long-gone who wrote (31190)4/5/1999 11:14:00 AM
From: Ken Benes  Read Replies (1) | Respond to of 116790
 
Gold stored in an IRA at 280.00 oz., heading to 250.00 or less. Makes sense if you have many years before you begin the drawdown of assests from the IRA.

Ken



To: long-gone who wrote (31190)4/5/1999 12:26:00 PM
From: Zardoz  Read Replies (1) | Respond to of 116790
 
"The beauty of gold, silver and other precious metals, he and others in the trade sometimes point out, is that the supply is limited by Mother Nature and may become more so when stressed economies quit selling. You really can't say that about stocks. Why, you can't even say that about dollar bills so long as the printing presses remain oiled."

And you can't say it about GOLD either as not nearly of this world {or Mother Nature supply} have been plundered yet. Larger discoveries are possible. And we all see the news about gold under the sea. How much is sent up in Volcanoes in a year?

XAU is only avoiding the down draft because LBA did.. little.