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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (7972)8/2/2000 10:40:52 AM
From: pater tenebrarum  Read Replies (1) of 436258
 
hear, hear:

Here an article on Australian ABC News Online

The Kalgoorlie branch of the Liberal Party says the Federal Government should invest in the gold industry.

Delegates at the recent Liberal state conference endorsed a joint-motion from Kalgoorlie and Fremantle that the Government start a gold buy-back scheme.

Kalgoorlie branch president Brett Nazarri says a resurgence in the value of the metal is imminent but the struggling industry could benefit from a show of faith in gold as an investment.

"Gold has always been seen as a safe haven for investment and due to some international forces with hedging and whatever, there has been manipulation of the market," Mr Nazarri said.

"Gold has always and should always be the benchmark and this could show a bit of faith in gold itself."
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