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

To: Ken Benes who wrote (31358)	4/8/1999 4:46:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116805

Like I've always said, Ken, It's the good times not the bad that will do it. Did you see the post which talked about all the gold goodies on coffins these days? This is a waste of the metal! When times get "so good we can waste gold by tossing it back in the ground not to be re-mined for decades" it is near turning. A return to the "norm" of around $330-340 is all I expect for this year, and (as stated before)I am looking for a move above $300 in June! 4 years to see the rally to $800-1200! But you are wrong about something(IMHO) it is not a (pure)hedge or salvation(unless things get worse than anyone wants) it is a very precious metal of very limited supply - that can also be used as money - in barter. It is (IMHO) that limited supply which will drive it. The basic law of scarcity. Something not even all the governments of the world can beat forever.