Replies to post #959 on Market Talk

[gtober]

Sheesh, if I knew this was the response I would have gotten, I would have forgone the article and the question.

Gold is as valid as anything here. Sure, it is quite possible that Gold goes the way of the 80's. However, at this point, I do not see any meaningful inflation on the horizon and when the economy picks up and capacity utilization starts peaking, the liquidity tap will dry up.

I think, like in 1994 or so, a run to $340 or so is possible, but I also think overhead supply is too great to turn this into anything really meaningful.

Anyway, I'm not a Gold bug. Very simply, because you can't invest in the entrepreneurial spirit of a great company by buying Gold.

Like I explained before, our economy is going through a shock and a period of slow or negative growth. As Greenspan warned Congress, however, don't get too crazy with the reaction to the shock. It has not changed the economy at its core. This is why, even though there is increased tension, what worked before will probably work again. Not near to the same extent mind you, but it will.

Anyway, I have better things to do than get into an arguement about it, so I'll probably just end my posting on this subject here.