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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: marynell who wrote (2127)9/16/2001 9:10:40 PM
From: baystock   of 4051
 
<Wealthy investors all over the world will take delivery of physical gold, and this is what will move gold up. >

Good point. Up to now investor demand for gold has moved primarily into paper gold because of its convenience vis a vis physical gold. But paper gold can be created in unlimited quantities just like fiat dollars so it doesn't do much for the gold price. During war only physical gold may satisfy some investors especially wealthy Arabs who may be caught in the middle between the West and the radical muslims.
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