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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: d:oug who wrote (44884)	11/12/1999 10:44:00 AM
From: Hawkmoon	Read Replies (1) of 116786

... doesn't own N.Y. Brooklyn Bridge, how can they continue to sell it? How the hell did they afford to build that bridge in the first place? By going into debt, mortgaging the future financial benefit of it, in order to build it today. How can a real estate development company sell you a house that they haven't built yet? Because you know they will build it or be able to sue them for your loss. Bettter yet, how can a home buyer mortgage his future wage earnings in order to buy that home he obviously doesn't have the cash to afford? ... doesn't have the physical gold, how can they sell paper gold ? Because they simply know that if a gold company doesn't produce the gold that the "paper" represents, they can declare them in default and take ownership of that mine. Just as mortgage notes are securitized and sold through Fannie Mae, representing future fully paid value on those notes, paper gold is traded on the condidence that it can be exchanged for physical gold at some point in the future. Probably time for you swab out those wax-laden ears once again. (or obtain the proper corrective lenses to improve your eyesight). Regards, Ron

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