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Goldcorp Inc. Message Board

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  • el_latino1976 el_latino1976 Oct 20, 2004 12:54 AM Flag

    Thoughts by El Latino...

    If I had to invest in any other sector other than the precious metal sector, I would look to invest in printing press parts, those things are ran until they just roll over and die. All the damage that has been done over the years because of this careless printing of money. A few decades ago it only took one income to be able to afford the payments of a house, now it takes two incomes and the couple is still struggling. With all the stress this brings I wonder how many couples have divorced over inflation. A friend of my sister�s was telling us that her 14 year old daughter brought her to tears, she asked her mom why doesn�t she have any time to spend with her and her younger sister, she works a full time job and get out late so she never sees her daughter play sports. I think this is all too common these days, the loss of purchasing power of the dollar has done many people major harm. All paper currencies go to zero and the dollar should be no different. Gold is a MUST have during these times. Gold has protected people in the past during dark times and it will protect us again. We are but a small percent of the people who understand these times, what an opportunity we have, getting in on the bottom of what could be a big bull market in the metals.

    �Who wants to be reminded that they are late to the party, especially if under 50, they have no knowledge of the last time PMs moved and why....�

    That is so true, the younger generation probably doesn�t even know that gold was once selling at over 800 an ounce. The young financial advisors and young investors are only used to seeing the Dow Jones rise pretty much year after year. They don�t know what a bear market looks like. Even though the DOW hasn�t done much in the last few years �the markets always go up.� They also don�t know gold is wealth and think of it only as jewelry.

    I like to speak to young financial advisors just to see there view of things. I like to get there thought on metals, one told me flat out that I was �crazy� for investing in gold stocks, but then again, this was the same genius who got me into a tech stock that got de-listed a few weeks after I invested, I was able to get out at a 25% loss, that was the last time I ever listened to an advisor. I prefer to listen to people that have been there, people in there 60�s that have been through both bull and bear market, people like Richard Russell. Most everyone in my age group are blind, they don�t see what�s happening or what�s coming, there is going to be a lot of surprised, upset people within the next few years�

    -El Latino

 
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