Forum Archive Index - February 2003

["soarer2" <soarer2@xtra.co.nz>]

Snoopy,


Do you know why Kennedy was shot ?



----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, February 04, 2003 11:37 AM
Subject: Re: [sharechat] Gold (was no subject)


> Hi soarer2,
>
> Good to see you've taken up the challenge of giving me the gold bug
> >
> >
> >>People are stacking up on
> >>gold because they perceive it to be a 'safe haven' material.
> >> People buying gold today may consider it a bargain at $US360 an
> >>But is it still a bargain at US$450 an ounce?
> >>$US550?  Have there ever been any studies on this type of thing?
> >>
> >
> >www.gold-eagle.com - this site has everything you need ( Yes some of
> >the articles are biased towards Gold, but this site has made me
> >considerable amounts of money ) If your interested in Gold and the
> >REAL state of US equity markets take a look.
> >Gold - Long
> >
>
> I've just been to the site are read the article
> "What's making gold glitter?" by Paul L Kasriel
>
> His opinion is the difficulty in getting a decent return on your cash
> in the bank is the reason for the increasing price of gold.  Gold
> is regarded as a sort of wealth preserver.  But I didn't see any
> argument about how high he thinks gold will go.
>
> In any event, that argument doesn't apply in New Zealand.   There are
> plently of places to get a decent return, and in some of those income
> shares I have been talking about for the last year the returns are
> absolutely spectacular by US Standards.  So there is no need for us
> to do what those who have the gold bug in the US are doing.  No need
> at all.
>
> >
> >>And the problem for New
> >> Zealanders and Australians investing in gold is that we are
> >>'down under dollars' that are outperforming the American
> >>ones.  So  how do we manage the exchange rate risk?
> >
>
> I didn't see anything on the site about what to do if your currency
> is appreciating in value and so wiping out all the nominal US dollar
> gains you made in your gold investment.  Where was that again?
>
> SNOOPY
>
>
>
> ---------------------------------
> Message sent by Snoopy
> e-mail  tennyson@caverock.net.nz
> on Pegasus Mail version 2.55
> ----------------------------------
> "You can tell me I'm wrong twice,
> but that still only makes me wrong once."
>
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