"MacHamish" <russj41@concentric.net> wrote in message
news:jm3kq0h7vttdqaf444ro5hil17m83faogb@4ax.com...
> On Sun, 28 Nov 2004 03:55:35 -0600, "Jim Stewart" <stewart@ceet.niu.edu>
> wrote:
>
> >
> >"Nebulous" <Nebulous@pigtail.freeserve.co.uk> wrote in message
> >news:41a9930f$0$16573$cc9e4d1f@news-text.dial.pipex.com...
> >>
> >> "Jim Stewart" <stewart@ceet.niu.edu> wrote in message
> >> news:cob5jo$fcc$1@usenet.cso.niu.edu...
> >> >
> >> > "Nebulous" <Nebulous@pigtail.freeserve.co.uk> wrote in message
> >> > news:41a8e4b3$0$19154$cc9e4d1f@news-text.dial.pipex.com...
> >> > >
> >> > > "MacHamish" <russj41@concentric.net> wrote in message
> >> > > news:u4fhq0ddcl6djfvbqocv5a68fcj2obabs8@4ax.com...
> >> > > > On Sat, 27 Nov 2004 17:30:36 -0000, "Nebulous"
> >> > > > <Nebulous@pigtail.freeserve.co.uk> wrote:
> >> > > > >Actually he should have bought Euro's.
> >> >
> >> > The fact that he did not places a shadow on his genusness. Hindsight
is
> >> > always easy.
> >> >
> >>
> >> It was intended as a joke Jim. If he got out of dollars and into gold
he
> >has
> >> done very well, and much better than most people, although he has
> >> contributed in his own small way to the demise of the dollar. I was
trying
> >> to suggest he should instead have done something (invest in Europe)  I
> >felt
> >> he would find difficult to justify to himself.
> >
> >My Aunt took her money and has bought gold for decades. She would have
> >been much better in real estate or the stock market.
>
> You may be premature in that judgment.  As someone said, timing is
> everything.  What if gold were to go to $3,000 the ounce.  In such a
> scenario, the bottom would have fallen out of the stock market and your
aunt
> would be sitting prettier than just about everyone else.  Admittedly, this
> is an extreme projection, but it's not totally out of the realm of
> possibility.
>
> That being said, I take your point.  For the vast majority of people, the
> best course of action is to buy blue chip stocks and hold them over a long
> period.  Most people don't have the savvy or the time to give the markets
> the attention they require.  It's better left to good advisors, most of
whom
> would agree with your position.  On the other hand, there's no sense in
> riding corrections down if you see them coming.  Nor is there any sense in
> ignoring a hot sector if you get in early enough, which means before it
> becomes hot.  How's that for stating the perfectly obvious?
>
> MacHamish M