Forum Archive Index - May 2002

["John Wedde" <John.Wedde@weltec.ac.nz>]

Like the humorous touch Snoopy but arn't we talking here about buying
and selling shares? Apart from perhaps buying a bit of jewellery for the
women in my life I'm not remotely interested personally in the physical
stuff [gold that is!]
I'll leave the hoarding of the actual yellow mineral, in whatever form,
to those unfortunate folk in other parts of the world who need to look
for new stores of value when the greenback finally bites the dust. If
their demand for gold goes through the roof then my shares should look
pretty sweet!
Cheers,
John  


>>> tennyson@caverock.net.nz Friday, 31 May 2002 12:09:02 a.m. >>>
Hi tonysw,
 
>
>
>Slanging match....why not!
>
>

Nothing like a bit of pot stirring is there tony?  I reproduce below 
the comment from the main author of the aus.invest FAQ, Travis 
Morien, when he got into a similar exchange on the future prospects 
of holding gold:

"I'm not flaming you but you probably will get offended anyway."

"I have always found goldbugs nutty and paranoid, with their constant
talk of the complete collapse of commerce."

"I have this image in my head of some guy with tissue boxes on his
feet, latex gloves and a face mask going down to the local post
apocalyptic store and trying to chip little flakes of gold off his bar
in order to buy bread."
 
"After anarchy sets in a ravenous mob of looters would just pinch 
your bullion anyway."

"I suggest if you are this way inclined you invest in an air raid
shelter and fill it up with more useful things, like non perishable
food, warm clothing, advanced weaponry plus plenty of ammo, maps, a
kayak, petrol and some hardy survival gear.  This will be more useful
under these economic conditions than a few bars of gold."


SNOOPY




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