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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: russwinter who wrote (1989)9/1/2001 3:44:53 PM
From: baystock  Read Replies (1) of 4051
 
An earlier post had the link to the Jipangu home page, but you will have to brush up on you Japanese first <g>
Message 16283575

I think the yen play/currency protection is overrated. This protection IMO comes from the fact that the underlying assets are gold related and not from the fact that Jipangu is a yen denominated vehicle. For North American investors I would think that something like Dundee (DPMa.TO) is just as good as a Jipangu. But for Japanese investors who have very few alternatives for investing in leveraged gold stocks, this could be great. Maybe the financial reforms initiated by the new Japanese primeminister could be the trigger for a Japanese flight to gold, as their long hidden skeletons start coming out of the closet.
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