I am amused by some of the fear-mongering on this site.

People who speak about gold falling on Monday don't know much of anything about the gold market:

1) Most importantly, the gold market is closed Monday, not open until Tuesday.

2) Y2k gold purchases in the United States did not amount to a significant amount of tonnage this year especially when compared to the recent, much larger Bank of England gold sales and the amount of gold leased by Kuwait just these past few months.

3) Most gold purchased for y2k this year was purchased by ideological gold-bugs. Joe Public hardly participated instead sending most of his investment monies into the soaring stock market.

If anything, it seems the y2k fizzle might dramatically harm the stock market since much of the foreign money that poured into the US these past few months arrived on US shores under the belief that the US market would be the safest financial market in the world (bug-free!).

If stocks and bonds collapse from foreign funds withdrawals, then gold could still end up as the most favored investment asset out there.

-- George Zeevan (soulmate@lvcm.com), January 02, 2000

Answers

Goldbug = yes. Ideological = hardly.

Hope your right. Holding my gold shares.

-- Infidel (Barbarians@thegate.net), January 02, 2000.

George, you are writing like an intelligent human being. Get the hell out of here, fast.

-- Truk (truk@loa.moc), January 02, 2000.

Truk,

you're learning!

-- Andy (2000EOD@prodigy.net), January 02, 2000.

No, it's the booze that's talking.

-- Truk (truk@loa.moc), January 02, 2000.

Vinas veritas?

-- Ron Schwarz (rs@clubvb.com.delete.this), January 02, 2000.

In vino veritas.

-- Truk (truk@loa.moc), January 02, 2000.

George, You are right, Gold is going to keep doing what it has for the last several years....headed south until the Euro breaks loose. Then we'll see the DOW and gold prices converge around 3000. (Gold $3000/oz and the DOW at 3000 points)

Turk will be fully invested in the market but will be OK because he also buys fire insurance LOL

-- danny (dan@symaptico.ca), January 02, 2000.

Naaah, I won't be in the market when that happens. I'll be too rich and too busy with other activities to actively trade. I'll probably have it in something else, oh, let's say tax-free munis. Fire insurance is pretty cheap, you know...

-- Truk (truk@loa.moc), January 02, 2000.