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Pastimes : All Clowns Must Be Destroyed

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To: IceShark who wrote (28086)4/20/2000 9:40:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 42523
 
Right, what I'm saying is that they know a bit, as do you from the retail side. Heinz worked in
the industry down in SAfrica, if I'm not mistaken, and can even occasionally get answers if he
calls the big gold miners up. Anyways, he can usually hold his own on the subject.


Maybe he can. I do not know him. I do know that the larger jewelry manufacturers are not hedging gold due to no fear of a sharp spike in the price. Many of these firms employ a person or two that are very knowledgwable regarding the supply and demand of the metal. That makes good business sense. Of course they can be wrong but I would rather listen to those who make a living trying to determine the price fluctation compared to a person who use to work at a miner at one point in time.
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