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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: gilles vaillancourt who wrote (7336)3/18/1997 11:02:00 AM
From: Method   of 28369
 
I dont't believe god will ever dip below US $300 again. Although gold may be a hedge for inflation the stuff used to mine it isn't. The cost of mining goes up every year and therefore the price of gold will stay above at least the average cost for gold producers (around $230/ounce). True gold was very low before but I repeat it costs a helluva lot more to mine it now then it did 50 years ago (except for Bre-X of course). Gold will stay strong and Bre-X sharholders will be rich!
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