Berkeley CSUA MOTD:Entry 48523
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2025/04/04 [General] UID:1000 Activity:popular
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2007/11/2-4 [Finance/Investment] UID:48523 Activity:kinda low
11/2    Who will hit $1000 first, GOOG or gold?
        \_ Interesting question.  I would guess GOOG just because stock
           prices are more elastic than metals prices.  But I think it
           depends on the state of the economy.  If the economy falters
           and the Fed cuts rates a few more times, you could see
           the stock market take a correction and gold shoot up.  If the
           economy keeps moving I'd expect the gold spike to diminish.  -tom
           \_ You are pushing it using "elastic" here.  Maybe varaiance.
        \_ Irrationality drives up prices, and GOOG attracts as many
           irrational investors as did dot-com stocks. So my bet will
           be GOOG based on the history of irrationality (e.g. it can't
           possibly happen, people are idiots, ergo, it will happen)
           \_ Gold also attracts a lot of irrational investors.
              \_ The radio told me it can only go up.  I shorted GOOG so I
                 could buy gold.
        \_ Oil.
2025/04/04 [General] UID:1000 Activity:popular
4/4     

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