Gordon wrote in
m:

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


That's good advise, assuming the mine, usually located in the middle of an
unstable country, is safe from unrest, civil strife, government takeover,
etc. Mine stocks vary wildly from political problems and civil
unrest....not to mention a lot of speculating and tampering, as usual.

http://www.gold-miningstocks.com/Gol...ks/Default.asp
Here's an interesting place.....