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Politics : Ask Michael Burke

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To: Ralph W. who wrote (76180)	2/18/2000 3:24:00 PM
From: Freedom Fighter	Read Replies (2) of 132070

sRalph, I used to have an opinion on gold. I was bullish at about 325-350 per ounce. Obviously I was wrong. (ng) I have since come to believe that it's a semi-rigged market. It just seems to me that central banks behave in ways that are not the same as other free market participants. Gold is still a monetary alternative to paper. I think governments and central banks have a vested interest in keeping the price suppressed the best they can. Ultimately I think the gold bugs will win and paper will lose. I just don't want to wait until I'm an old man to be right. I tried the Freeport preferred as an alternative. It pays a dividend and matures at a price that is equal to 1/10 of 1 ounce of gold. Currently trading at 17+. Wayne

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