[dennisw]

I’ll check it out... thanks. Sure wish I bought a bunch when I first heard those GATA “bellyachers” years ago. I thought they were kooks, out to lunch

[djf]

Problem is the global economy has turned into something like this:

You buy some "paper" from somebody.
They kinda, sorta promise (but not quite) that at some time in the future they will give you back MORE paper!

And at the time (read that if) you get back the "more paper", you are unsure what it will be worth, or even what might be available to buy with it.

So I think a big part of the appeal of gold is due to the uncertainty factor. It's something real. It's not a promise. It's not some kind of future event like winning the lottery. And add to that that it is more and more in demand.

No matter what the financial whirlygigs say, gold will now buy more than Enron stocks. It might end up being the same for GM stocks. Or government Tbills. Or bank Certificates of Deposit. Who knows? There's the uncertainty factor again.