I DON'T BELIEVE IT...ALL YOU GUYS ARE GOLDBUGS...looks like gold is going to melt

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Won't touch it for more than $200.00 oz. The stuff even smells. peeewwww

-- TIM (thc@hot.com), January 01, 2000


Looks like the wind just gusted back on you...

-- Y2KGardener (govegan@aloha.net), January 01, 2000.

Its always a good sign when bashers show up!!!

Please Tim go ahead do your thing.

I'm buying this week and wish you would/could drive the price down so I could get even MORE!!!

I think this may be the wrong place though to bash precious metals though.

But please feel free to surf away.

-- Johnny (jljtm@bellsouth.com), January 01, 2000.

THANK YOU JOHNNY, The best thing for me to do would be to short gold since you are more than likely a contrary indicator. Pick up your gold when you finally lose faith at $200.00 oz.. You are too sure of yourself Johnny (came too early). The party starts, when you sell out. It has to be that way johnny. If you bought bonds, you might do OK. Be a loosing gambler, it's your money.


-- TIM (thc@hot.com), January 01, 2000.

I guess you have an initialization date later than Jan 4.1980. Gold was at $800/oz in 1979/80. The stock market was at 800 in August 1982, do you suppose things could reverse after 18 years. Of course they WILL, they always have, the expensive investment becomes the investment of the past because it takes progressively larger increments in the base to make even a 5% return (read that NASDAQ increases by 200 next year and compare that to 1982). Now consider Gold increasing by 50% to 450 by year end 2000. I consider that more probable than NASDAQ 6000.

We will see who is right next year, Smart one.

-- William R. Sullivan (wrs@wham.com), January 01, 2000.

WILLIAM SULLIVAN, I will also buy yours too when it gets down to $200 oz. You talk like strong money, but you will grow weak in the days ahead. Billy boy is going to shake out all you turkeys. TIM

-- TIM (thc@hot.com), January 01, 2000.

BASH away Tim!!!

Go ahead dude. but you should know we've held through stronger shakes than you can make. But please go ahead make your best try.

-- Johnny (jljtm@bellsouth.com), January 01, 2000.

Tim, You don't know me. When I make an investment, it is at least 1-2 and sometimes 3 years ahead of the game. I don't take money I can't lose and put it into my investments. I currently live in a $500,000 home which I bought for $357k and only owe $280k on. I didn't buy a house before 1987. This was after the huge crash in housing in 1983-88 in Texas. I didn't believe dirt could be worth what it was. In 1991 I worked for 6 months in California. This cemented my belief that Austin (where I live) would soon catch up with California. Now that hasn't happened exactly because we have more developable property but I do know that Dellionaires and other people who have had money fall out of the sky on them are driving property values in my neighborhood sky-high. By the way, I made 200% on my 20k investment of Nov. 1995 which was in a view lot in the same neighborhood as I currently live. I paid 110k for the lot (20% down). I sold the lot in July 1998 for $150k with no Realtor and no negotiation. The Dellionaire thanked me that I would sell him the lot since none were available. I had bought my house about one year before and at the time of the purchase of my current house the lot couldn't have been off-loaded for $125k.

So as I say, I am patient and I don't make a move without being sure that the chump money isn't anywhere near my current investments. I will make 10x my GOLD investment and if it drops to 200...I will triple up.

B.T.W If I had held on to that lot like I wanted (my wife made me sell it because the offer was so good) I could sell it now for around $300k.

-- William R. Sullivan (wrs@wham.com), January 01, 2000.

Andy isn't feeling very well today, and is unable to post. May I do so on his behalf?


-- Asking (Asking@aquestion.com), January 01, 2000.

In what year do you mean? Are you telling me that we will continue on well past when you and I die with 85% increases in the NASDAQ every three months? How do you know what you are saying? Are you invested in companies with P/E ratios of 80 to 1? If you are, you will lose your money if you keep it there. The truth is that the popular investement (read stock market) always becomes unpopular. You are just too young or dumb or maybe both to realize that.

-- William R. Sullivan (wrs@wham.com), January 01, 2000.

If gold goes down to $250 or less, look at it as the buying opportunity of the new millennium, before it zooms. I bought some at around $260 (my average cost is around $290 so I consider myself well positioned). I would max out my credit cards for $250 or less.

-- A (A@AisA.com), January 02, 2000.

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