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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: d:oug who wrote (59853)	10/19/2000 5:42:52 AM
From: d:oug	Read Replies (1) of 116950

Richard, I am confused that you say the USA public has no investment vehicle for physical gold. Do you mean that it does exist but not marketed in a way that its available and easy to access and use as buying stocks or mutual funds? You posted about this here on this thread and also as copied below with a reply from a SI member. [from the following place] Josh Wright, egroups's GoldWorldNet Moderator egroups.com * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 964 From: Richard Date: Wed Oct 18, 2000 Subject: poor marketing effort & manipulation of the news ... American investing public would have been better off had they put money into gold bullion in January of 2000! ... The mining companies are marketing FOOLS! ... there is still NO INVESTMENT VEHICLE available to most US investors who wish to put money into precious metals bullion! Gold bullion must be marketed as an INVESTMENT! ... bullion via their 401k's- THEY WOULD HAVE BEEN UNABLE! ... how many ounces of gold might be off the market if people had a vehicle available to invest directly in gold bullion? Isn't "might be off the market" better than the condition we now see? ... what would it take to put together a storage facility & market some form of gold bullion mutual fund so as to pull some of this damned excess gold bullion off the market? From: Claude Richard, Sure... US investors can buy bullion as INVESTMENT. There are at least 4 very good vehicles. 1) coins and gold bars 2) a gold/silver close end fund 3) participation units in gold pools 4) digital 100% backed by gold currency All 4 are investments and are being advertised as such at various degrees. I agree that the marketing programs are not highly visible, but they are there. We, at Ormetal, will be soon launch goldcurrencies.com to do exactly what you want. From: Richard Will it be available to people in the workplace? From: Claude Richard... I will be concentrating on the Canadian marketplace and my project will allow the men and women in the workplace to buy their $50 worth of gold every month if they want to. I am sure someone will have the same idea for the US, if it is not yet the case. In the mean time check those guys: goldeconomy.com

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