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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Natedog who wrote (14125)1/27/2001 3:30:25 PM
From: Claude Cormier  Read Replies (1) of 14627
 
Nathan,

<There is no longer any value and economic bearing ASSociated with gold and there won't be for some time. >

You can't be serious. Gold is still rare and precious.
It is still money as well. Intelligent people are accumulating it because they understand how depressed and cheap it has become against the US dollar.

And, even if gold is cheap, there are some solid investment in gold mining companies. Unfortunately, PFG is not one of them. There are companies that are developing deposits where the operating cost will be in the $30-$100 USD per ounce range. They are rare, but that is where your money should be... not in those overvalued high tecks.

In two 3 years from now, when the Naz is trading at 1000, it will be the time to get back in the techs... but not now. The bear market rally is over.
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