FWIW, and as a substantial portion of my Canadian gold holdings are in Franco-Nevada, I must observe
and remind anyone who might forget, that management is FREQUENTLY WRONG...can anybody
now think Armstrong was such a genius at AT&T, or Chainsaw AL was good for Sunbeam, or that Bernie Ebbers
had the vision and prescience of a god at Worldcom??? The list is long. I for one thank S Africa
for telling FN to take a hike. So did Mr Market, as their stock went UP after the announcement of the end
of the proposed merger. None of the African nations where gold is mined is reasonably viewed in my opinion
to be nearly as safe aplace to put money as in Western countries. I don't intend xenophobia, but grin
at the possibility such a comment NOT bring on such charges. There is a Chinese guy on the Collapse of 2002
thread, one Jay Chen, who is a good source for alternate points of view. Again risking but not intending
the ire or input of anyone thinking the following remark is political (it is NOT, it is just fact), the Bush
Administration does nothing to engender my confidence at how the world will view US and its foreign policies,
everyone but Tony Blair's England...caveat form paranoid me, watching out for my own dollars, beware foreign
investment in politically sensitive substances...it is likely to get a lot less friendly out there.
All JMHO
jim black
PS Franco-Nevada scares me now and then, so firmly entrenched as they say they are against hedging,
yet buying a 20% stake in Normandy in Australia which has substantial % of assets hedged. |
