Larry wrote:
http://www.kitco.com/images/live/gold.gif

Price shot up above $995 TWICE this morning!

Prices must soar driving us straight into depression caused by the printing
and borrowing and bailouts......inevitable.



Be very wary! Gold is up but not the other metals. When the economy
shows the slightest signs of recovery (real or otherwise) gold will
plunge. I used to be gemmologist and as such, did a lot of casting and
fabricating. When gold hit a grand awhile back, silver was over $20.
Today only $14.50. I sold 120 oz sterling and a couple oz of 14k yellow
at that time.
If you are looking to buy precious metals, buy good mining stocks,
NOT the metal itself.
Why? Leverage!
Suppose gold is 800 but it costs a mine 700 to extract. The mine made
100. Suppose gold goes to 900. The mine now makes 200. The mines profit
has doubled! The stock doubles! Your investment doubled! If you owned
the gold it went up 100 on an 800 investment. Profit? 12.5%!
Gordon