An open letter to jr. gold investers by Ron Pitts 03/27/97 Message Board

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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97

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To: Ron Pitts who wrote (203)	4/10/1997 11:09:00 PM
From: big guy	of 297

I have a question Ron I would appreciated yours and anyone elses opinion on. I share your veiws on the global currency crises. And agree with you that if a countries paper is'nt back by something of intrinsic value it will be deemed worthless by the rest of the world. The question that I keep debating in my mind is will the shares of these companies we invest in retain a value when most other paper currencies and shares lose theirs. I beleive the price of gold will skyrocket when the confidence in these unbacked currencies is broken. These shares we own will only be of value if we as a whole stay in them which will inturn attract others to them. So the question I have for you and anyone else is when the worlds financial markets are tanking and the price of gold is rising. Do you think you would be inclined to run for the exits? Or would you stay where you are.Any replies would be appreciated.

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