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

To: Ahda who wrote (34370)	5/23/1999 4:39:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116766

Darleen I'm going to take writers edict in this posting, hope you don't mind? If so you can rebut later. Hutch: "If you believe the $200 range is the low, then why go long, it could take 3-20 years before it'll start to climb again?" Darleen: "..that you can have enough gold to cover currency base & too many dollars in circulation." Actually it's best to have more dollars in circulation. Consider the number one reason internet stocks have risen. To much money chasing to few shares. Most internet stocks had low amount of free flowing shares, so they could easily be driven up under weak volume. Now with greater amounts of dollars flowing worldwide, any change in return in one country can readily be reflected by currency exchanges. People vote with their dollars on the reutrns. Increase shares outstanding, and most of the internet settle down to more realistics values. Darleen: "You have three quarters of the world undergoing changes and Saudies oil trying to move up when economies are still depressed." That's why OIL is going back down. Oil's rise was not based on demand, by lack of supply. Give them a few months and none OPEC countries will increase. OPEC countries will see this, and down oil goes. Darleen: "Give me an alternative to the risk now aside from the DOW" Dow PUTS leaps. Diversification outside of the USA. Currency differential bonds. Inflation Bonds {TIPs}. Currency hedges. Or my favorite... SELL. Problem is most people don't look for alternatives, but believe that gold is the ONLY store of value. But if it's the best for you, good. But why do so many assume it's undervalued? Read a finacial statement and see how much it costs to dig up. Skip explorations costs of juniors. Most juniors have no interest in finding anything.