I was away trading and I see that double-Decker has been gold-bashing again.

I ask you - who has been more accurate in their predictions here, ddeker or myself?

It galls me that he would have the cheek to stick around and post his nonsensical fairy tales in view of what is happening both publically and especially behind the scenes...

And you still believe, like ddecker, that y2k will be a bump in the road?

Financial collapse/dollar implosion/hyper-inflation/cash King initially/Gold THE only way to preseerve your wealth.

Soon you may not be able to buy it if all hell breaks loose...

-- Andy (2000EOD@prodigy.net), September 30, 1999

Answers

Hello Money Bags have you been out Island shopping?

I always just lurked on your gold threads but thanks for opening my eyes!

More DROOY!!

More physical!!

-- todays Tom Sawyer (RUSH@2112.rockon!), September 30, 1999.

anj,

please don't get too cocky just yet. i'm not suggesting that a portion of one's porfolio shouldn't be gold but..... let me give you an example. i was married in 1980. (we will not go in to how that one turned out). the cheap sob wouldn't spring for a rock so i insisted that we at least have nice gold bands designed and crafted by a goldsmith. any idea what we paid for gold in 1980? slightly over $800.00 per ounce! gold hasn't been that high since.

my point? all that glitters isn't necessarily gold. gold, just like stocks, has its periodic moments in the sun. betting the farm on any single investment strategy is never a particulary great idea. proceed with caution my children and sin no

-- corrine l (corrine@iwaynet.net), September 30, 1999.

Andy,

Just want to sincerely thankyou for the FREE education over the last few months!!

It all seems sooooo obvious, including the manipulation after Gold started its fury on Monday.

Bought in on some gold options (monday) for delivery mid Nov. Paid $120.00 per option. in ONE DAy the value per option went to $1000.00 per (WHAAAAAAAAAAT)!!!!

It seemed pretty obvious that TPTB would do everything in their power to "shake the tree". "Dont want those wall street geeks jumpin off just yet!!!

Thanks again!!

-- David Butts (dciinc@aol.com), September 30, 1999.

Andy, ya know ya gotta babysit the gold threads, or the shills will shreek.

-- cork the shills (top@jam.bottle), September 30, 1999.

corrine,

but think of the romance you had, better to have loved and lost etc. :)

David!

Way to go, wish I could say the same, i didn't/won't do any options plays, gonna be safe from here on in, just want to make sure i get the physical soon!

Coupla things.

Gates bought Silver yesterday.

SOROS IS BUYING GOLD NOW AND HAS BEEN FOR SOME LITTLE TIME...

-- Andy (2000EOD@prodigy.net), September 30, 1999.

Corrine, I understand your 'don't get it' attitude about gold. You and 99.5% of the western block populace- US, England, Canada, Australian, New Zealand have been fed a distorted view of what real money is.

Look at it in terms of the historical fact that all currencies will implode on themselves, eventually. Currencies not tied to a finite source of universally accepted value (i.e. gold) will implode with the assistance of other currencies that are.

The above listed western block of countries are unique in that the rest of the world sees gold of infinitely greater value than a piece of paper with only a promise to pay backing it up. Gold went up in US dollars because of highly perceived value in relation to the fiat dollar. You need to take on a different perspective that does not include a piece of paper with a president's face on it as the center of your universe.

You will be introduced to reality soon enough.

Good luck.

-- OR (orwelliator@biosys.net), September 30, 1999.

OR,

you're saying i don't get it. i'm saying i got it. had i converted all my holdings to gold in 1980 i would still be waiting to realize a profit. what you don't seem to get is that when it comes to investments perception is reality. if it is perceived at a given point in time that microsoft is woth x and people are willing to pay x than it is worth x. same is true of gold, paper money, diamonds, tulips and beenie babies. buying and holding any one commodity exclusively is a suckers bet. history is rife with that lesson. the fiat argument could be applied to any commodity at a given point in history. classic example: you have unlimited amount of gold and are starving. i have "limited" amount of food. you offer gold for food. i walk away. after you have starved to death i may come back to collect your gold but then again, i may not. my perception might be that all your "valuable" gold wasn't of much value to you so why should i waste my time with it.

a "don't put all your eggs in one basket" smo

-- corrine l (corine@iwaynet.net), September 30, 1999.

If you're going to pay $800 per oz then yes, you are a sucker.

Most of us (I think I'm fair in saying) paid under $300 per oz. Can you work out the difference?

-- Y2KGardener (gardens@bigisland.net), September 30, 1999.

Corrine 1, sweetie...

1980 was the market top after gold was "allowed" to be owned by US citizens again in the mid '70's...

Do you see anything wrong with owning Amazon.com stock with a P/E ratio of 2000+? Would you buy it right now??? The stock market is in the same position today that gold was in 1980. (actually the top was 1979, but, oh well) You never buy at tops... you buy at the bottom, which is where gold has been for a few years now...

waitin' for a sloppy doggy smooch...

The Dog

-- Dog (Desert Dog@-sand.com), September 30, 1999.

gardener,

one last attempt to get through. prices are only relevant at specific points in time. i am a sucker to pay $800.00 for gold today. i was not a sucker to pay that amount in 1980. sellers said they wanted that much and buyers (me) agreed that $800.00 was a fair price. you are saying that right now you feel $300.00 per oz. is a fair price. tomorrow's fair price will be determined T-O-M-O-R-R-O-W.

bill gates, george soros, nelson and bunker hunt (by the way, do a little home work regarding the hunt brothers and see how their attempt to corner the silver market turned out), et. al. have not divested 100% of their monies and converted to gold. i repeat, "buying and holding one commodity exclusively is a suckers bet.

class dismissed, no pushing in the

-- corrine l (corrine@iwaynet.net), September 30, 1999.

prices are only relevant at specific points in time.

i am a sucker to pay $800.00 for gold today.
Well... duhhh...

i was not a sucker to pay that amount in 1980.
Oh yes you were - sucker!

sellers said they wanted that much and buyers (me) agreed that $800.00 was a fair price.
Sucker. The *cost* of producing anything should be taken into account when deciding whether or not it is good value. The cost in 1980 was waaaaay lower than $800.

you are saying that right now you feel $300.00 per oz. is a fair price. tomorrow's fair price will be determined T-O-M-O-R-R-O- W.
Well... duh... OK, wait until it's $800 again. THEN buy. More for the rest of us now. Happy?

bill gates, george soros, nelson and bunker hunt (by the way, do a little home work regarding the hunt brothers and see how their attempt to corner the silver market turned out), et. al. have not divested 100% of their monies and converted to gold.
(a) I don't think any of us is trying to corner the market, except maybe Andy. What's that got to do with anything anyway?
(b) I don't think any of us is spending 100% of our finances on gold, again, except maybe Andy. Your arguments simply do not make any sense. Get a grip.

i repeat, "buying and holding one commodity exclusively is a suckers bet.
Quoting oneself is a good sign of not knowing what one is talking about. Let me give an alternative definition of sucker for you to use in future: "A sucker is someone who can't tell the difference between $800 and $300".

-- Y2KGardener (gardens@bigisland.net), September 30, 1999.

Commodities, including and especially the precious metals are real wealth. Currencies (money) not tied to a commodity are essentially worthless, having worth only to the extent that confidence prevails and/or the power of government to dictate the use of the (fiat) currency prevails.

A way of looking at the "gold price" (POG) is that GOLD (a REAL thing) is the measure, and the US dollar and other currencies are valued in reference to gold. Thus, the CURRENCIES are manipulated vs. gold, not the POG vs. currencies. Accordingly, when gold was US$800/oz, the US$ was worth .00125 oz gold. Now at US$300/oz, the US dollar is worth .00333 oz gold. So you could say that the US$ has been manipulated to have a higher value today than 20 years ago, or whenever. But since the US$ is an artificial, manipulated construct, when TSHTF, ask yourself which one will retain its value vs. OTHER commodities (and services).

-- A (A@AisA.com), September 30, 1999.

>> A way of looking at the "gold price" (POG) is that GOLD (a REAL thing) is the measure, and the US dollar and other currencies are valued in reference to gold. <<

This is an odd way to think. So, tell me, does the direction "up" determine which direction is "down"? Or is it the other way around?

-- Brian McLaughlin (brianm@ims.com), September 30, 1999.

gardener,

you are absolutely correct. i apologize for my ignorance. you should sell everything you own and convert it to gold as soon as possible.

-- corrine l (corrine@iwaynet.net), September 30, 1999.

corrine, this is a male brain problem, hee hee

I think I understood you perfectly!

It seemed that corrine only invested enough at the 800. price to get her wedding rings. Of course it was worth the money, then. We like wedding rings guys.

You can't eat gold. If there is a serious famine, most people will not sell their food for gold.

It's easy to get carried away with gold fever and ignore balanced preps such as water, food and defense.

You guys are too rigidly logical. LOL

-- Mumsie (Shezdremn@aol.com), September 30, 1999.

Corrine, you gotta do what feels right for you. No one has ever told you to sell everything and buy gold (at least off this forum...I know Andy has gotten a wee bit enthused about his gold holdings).

From what you have said, I still don't think you understood my point. I won't restate it, but I will restate that which I have been saying for over a year and a half on this and another y2k forum (under another handle).

1st: Spend cash on preps, storables, items that you will use in the future.

2nd: With your extra cash, you need to consider future financial obligations for ? no. of months and with the balance of the available cash you need to concern yourself with value retention. That can be what ever suits you. Traditional instruments of wealth retention such as precious metals, precious jewels or other hands-on commodities (not a piece of paper that says you own it) are a good bet. Your comfort level will lead the way. I cannot in good conscience recommend 'modern day' instruments such as stocks, bonds, t-bills, t- bonds etc. They depend on the health of a financial system that is critically ill.

You only have you to answer to. Do what you have to. Good luck.

-- OR (orwelliator@biosys.net), September 30, 1999.

mums,

you go girl. i agree with you with one exception. these clowns are too rigidly illogical. what a bunch of Squawk Box, wanna-be analysts. Only thing they have in common with an "analyst" is the first four letter

-- corrine l (corrine@iwaynet.net), September 30, 1999.

It pains this ol' footballer's heart (and a few other places we won't go into) to say this, but I gotta agree with Corine (even if i CAN'T spell her name right). SOMEONE isn't reading before they post. Y'all were dead on, young lady.

Night Train

-- jes an ol footballer lookin for some glittery light (Nighttr@in.lane), October 01, 1999.

I am with corrine on this one. Night Train is right-read her post first.

-- Mike Lang (webflier@erols.com), October 01, 1999.

Corrine,

I agree about the Squawk Box wannabes. I've been following that show for years. All the so-called gurus that comment on various aspects of the stock market, gold, comodities, etc. don't know shit from shinola. No one can predict what will happen. All they do is comment. Most always say "buy on the dips." pffffftttt These guys love to hear themselves talk. Yet most live by what they palaver about.

My father-in-law predicted the end of the world for 25 years. Buy gold...bla bla bla. Market will crash...bla bla bla. Never happened. Life will go on. Even post Y2K.

-- (YoMamma@home.com), October 01, 1999.

YoMamma: THEREFORE, I guess, it could NOT happen, right? Gawd!!!

-- King of Spain (madrid@aol.cum), October 01, 1999.