Subject:
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Re: April 2004 Advice
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 3 May 2004 08:38:36 GMT
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Viewed:
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388 times
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Steve,
if we all invested in gold, rather than the stock market, the stock market would
fail. In fact, capitalism would fail!
Good luck!
Scott A
In lugnet.off-topic.debate, Steve Chapple wrote:
> About three years ago I advised my family and friends to get out of the stock
> market (especially mutual funds) and into Gold (and Silver) - mining stocks if
> they wanted to be more aggressive. In a couple of months the S&P had recovered
> from about where it is now to 1300 or so, and I figured the timing was good to
> get out if you hadn't gotten out already. Gold was about $300 then - as I write
> this, at the end of April 2004, it's $385, but a mere three weeks ago it was
> over $425. Silver's correction was even more dramatic - from $5.00 late last
> year to near $8.50 to below $6.00. Meanwhile the S&P has been in a bear market
> rally from below 800 a year ago. Many analysts say that was the start of a new
> bull market and we're going higher from here - I disagree. In my opinion this
> is your last best chance to get out of stocks and into Gold. Wednesday provided
> a prime example as Nortel dropped 1/3 - a loss of $9 Billion! It's easy in
> hind-sight to say you predicted something, so I'm putting this paragraph here
> for anyone to see until 2010 (my favorite movie). I'm also restating my two
> main predictions from over three years ago; that we're going to see "four figure
> Gold" (ie. over $1000) and the Dow and Gold will be "equal" (both at 3000 for
> example). I've also said for years that real estate is a bubble that's going
> to do what all bubbles do. I stand by that and add that interest rates are
> going up. Don't buy bonds!
>
>
> The above paragraph is on my non-LEGO page. http://SRC.northcomp.com/sgi.htm
> This seems the best place to record it and prove it was posted now.
> If you follow my advice, please forward a portion of the profit to my
> favorite charity - Samaritan's Purse http://SamaritansPurse.org
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Message is in Reply To:
 | | April 2004 Advice
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| About three years ago I advised my family and friends to get out of the stock market (especially mutual funds) and into Gold (and Silver) - mining stocks if they wanted to be more aggressive. In a couple of months the S&P had recovered from about (...) (21 years ago, 3-May-04, to lugnet.off-topic.debate)
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