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Text File  |  1992-11-17  |  918 b   |  28 lines
  1. Newsgroups: misc.invest
  2. Subject: Re: Inflation Coming? (Gold?)
  3. Path: sparky!uunet!sci34hub!cdthq!gary
  4. From: gary@cdthq.UUCP (Gary Heston)
  5. Message-ID: <wHueuB4w161w@cdthq.UUCP>
  6. References: <1992Nov16.171918.19101@cbnews.cb.att.com>
  7. Date: Tue, 17 Nov 92 19:11:31 CST
  8. Organization: Garys' Home for Obsolete Computers
  9. Lines: 17
  10.  
  11. lib@cbnews.cb.att.com (Lib) writes:
  12.  
  13. > In article <24560004@hpgnd153.grenoble.hp.com> errol@hpgnd153.grenoble.hp.com
  14. > .......
  15. > >If you still want to play it, go with gold stocks.  Gold stocks are cheap
  16. > >(Homestake Mining - $11) so in the short term, you might make some money.  L
  17. >    
  18. > Is it the price of the stock that determines whether it is cheap?
  19.  
  20. No. Price relative to the stocks' potential return, or to it's book
  21. value.
  22.  
  23. If price alone were the criteria, penny stocks would be an incredible
  24. deal. They generally are the *worst* value...
  25.  
  26. Gary Heston, at home....
  27. gary@cdthq.uucp
  28.