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Author: tman77 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41634  
Subject: Re: Jim Cramer Piece for me and saintjadee Date: 10/8/2005 12:05 AM
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I agree with Denny on his thoughts about Gold. Every 2 to 3 years, someone is explaining how gold is heading for $1,000 an ounce. Of all the commodities/resources the Chinese and eventually India will need in great demand, I think oil, timber, coal, uranium, iron/steel/aluminum/titanium, etc will be in stronger demand than gold...

Gold obviously has its value, but for anyone to claim that they can easily see gold at a given price target (more than twice its current worth) a year or two from now is either a genius, an idiot, or a scheister...

If a genius, please enlighten us as to why it will be worth more than twice its current price. Where is the worldwide demand/scarcity? And why will it be different this time? Just before 2000 many were saying buying gold was the only way to safeguard against the year 2000 crisis.

If an idiot, why do you have this belief? Who/What have you been reading that has led you to believe gold will be worth $1,000.00 an ounce?

If a scheister, what is your profit motive for drumming up interest in gold?

Taylor

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