so, all of you goldbugs out there, I just want to let you all know, that I took a 3 thousand dollar loss on all my gold! I have sold it all back to the various dealers, and have suffered a major loss!this also includes a $1000 face silver bag. I just want to say, if yer thinking of "investing" in gold or silver, dont do it! I played the game, and lost a good deal of cash! its a no win game! precious metals my ass!

-- ed (edrider007@aol.com), May 24, 2000

Answers

Paging GOLD LOSER!

-- (nemesis@awol.com), May 24, 2000.

If you were buying gold as an investment at the time, you lost. If you were buying peace of mind at the time maybe you did OK.

-- Carlos (riffraff@cybertime.net), May 24, 2000.

I may not BE Andy, but can I PLAY Andy on the Internet? Ed, you OBVIOUSLY sold too soon. Precious metals are an investment for if/when the paper dollar collapses. Had you waited until the paper dollar collapsed, you would have been rewarded with buying power unsurpassed by those around you who had been so foolish as to think that paper money was worth more than toilet paper.

The same theory holds true for all the preps, Ed. It's INSURANCE for WHEN.

-- Anita (Anita_S3@hotmail.com), May 24, 2000.

I'm sure all of us would get just real soothing peace of mind by pissing 3 grand down the rathole and having nothing whatever to show for it. That kind of thing really lets you sleep easy, you know?

I've always wondered if Andy actually took his own advice. I've always wondered why he vanished at the instant of rollover. He never seemed to have enough character to feel, like, bothered by his treatment of others. Maybe he got bored too?

-- Flint (flintc@mindspring.com), May 24, 2000.

I've invested 3K in gold knowing full well it could go BITR, so it's an investment for life. The gold isn't going anywhere, and my kids or grand-kids will inherit it. Should be worth something then.

That was an extra 3k I didn't need at the time, and with money saved on TP and other staples, I don't miss the 3k. I probably would have spent it on some luxuries or something not absolutely needed. Peace of mind was luxury for me last year, well worth the 3k.

-- (y@x.x), May 24, 2000.

Hang on to your gold and preps cuz soon it's all going away.....

oh, and buckle up cuz wez in for one hellofa ride! (chuckle)

-- (Yellow@polly.bird), May 24, 2000.

I probably shouldn't even get involved in this one but, if you bought gold because you were afraid society was going to collapse, the $3000 loss is kinda like an insurance premium, I suppose. If you bought it because people like Andy were telling you that gold and silver were going to the moon, you've learned a valuable lesson. First, precious metals, except in extraordinary times, are always lousy investments. Second, taking advice from unknown people on the internet on what to buy is proabaly not a very good idea.

-- Jim Cooke (JJCooke@yahoo.com), May 25, 2000.

I'll say one thing for Andy, he has yet to be proven wrong. Precious metals are not a "quick fix" investment, many of which are starting to show their true worth.

-- Gia (laureltree7@hotmail.com), May 25, 2000.

Gia:

Andy has yet to be proved wrong?

This is the same Andy that predicted $1000 an ounce gold by January, right?

What exactly would it take for you think Andy was wrong?

-- Jim Cooke (JJCooke@yahoo.com), May 25, 2000.

Jim Andy never predicted 1000 dollar gold by January.

-- (###@###.###), May 25, 2000.

So you got ride of you real money and took a loss?

I'm glad you did, Gold doesn't need weak hand losers anyway.

Buy ATT. Its on its way to 20 but if you buy today and sell then, you can continue your strategy of buying high and selling low.

-- (###@####.####), May 25, 2000.

What y said.

Dan V.

-- Jimmy Splinters (inthe@dark.com), May 25, 2000.

Yep, I'd of held onto it. If I had 3,000 to invest in gold, I like whatcha said about leaving it for inheritance. Since I buy alot of things I dont need anyhow, it would have been insurance.

Ed, sorry bout your loss, but I still would of kept it.

Jim has given me a lil peace of mind along with dee on the market, got a lil something somethin there. Jus a LIL somethin though.

-- consumer (shh@aol.com), May 25, 2000.

On the Andy question, see Andy's take on near term gold prices

By the way what makes you so sure that Andy hasn't posted here.

##### In the words of Decker (snicker)

So long and

Best wishes,,,

Z

-- Z1X4Y7 (Z1X4Y7@aol.com), May 25, 2000.

Z

Andy never gave a POG in that post he only wrote something like "you refuse to believe POG of $30,000 upper limit"

While inspirational, those aren't the words Jim " I wasn't around this forum before 1/1/00" put into his mouth.

-- (###@###.###), May 25, 2000.

I was talking about $500+++ Andy, although I will give you the benefit of the doubt on the definition of short term. Just providing information, don't have any strong feelings on this matter.

Best wishes,,,,

-- Z1X4Y7 (Z1X4Y7@aol.com), May 25, 2000.

#####,

Sorry for putting words in Andy's mouth. Andy was calling for $500+++ gold prices "soon" in October so I thought $1000 sounded like a good round number for +++. The issue was if Andy was proven wrong. If you've seen $500+ gold prices any time since last October until now I'll concede the point. Otherwise, Andy was wrong, just like the rest of the doom zombies.

-- Jim Cooke (JJCooke@yahoo.com), May 25, 2000.

As a silent outside observer who has struggled through the archives from TB2000, I believe that's right. The use of ### was a unique trademark for Andy.

My first actual post

Gregor

-- Gregor (Gregor10001@yahoo.com), May 25, 2000.

ed,

Quit whining.

When are people in this country ever going to start taking responsibility for their own actions?
I wasn't exactly "right" on how Y2K played out. Guess what? It wasn't Andy's fault, or Ed Yourdon's, or Gary North's.

You see, as an ADULT, I made some choices based on all the information on to which I could get my hands. I was smart enough to know that one of the possible outcomes was the one that we are experiencing, and I made sure that I didn't paint myself into a corner no matter which outcome happened. If you bought gold and silver based on a Y2K disaster scenario ONLY, then you took a risk that a mild to non-existent Y2K event would leave you with an unexciting dollar price of gold and silver. If you had bought gold and silver based on ALL the possible Y2K scenarios, then you should have been prepared to sit on it longer than 6 or 7 months.




As an aside, if anyone else is getting out of their gold and/or silver, I might be interested in buying if the items are what I want.

-- J (Y2J@home.comm), May 26, 2000.

hey, j, I wasn't whining, just stating a fact, o.k? and I didnt just hold it for six or seven months, o.k, j? I held it for two years, I am merely saying that , from what I have learned about gold and silver is that is does seem to be a poor investment, o.k, j?. just relating a story as to what happened to me, o.k, j?. I listen to bob brinker, and he has always been against gold and silver, and all I'm saying, is I wish I would have heeded his advice, but if you wanna call it "whining", go right ahead, j.

-- ed (edrider007@aol.com), May 26, 2000.

okay, j?

-- ed (edrider007@aol.com), May 27, 2000.

j?, is that okay with you?

-- ed (edrider007@aol.com), May 27, 2000.