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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (2057)	9/13/2001 8:29:42 AM
From: jpthoma1	Read Replies (2) of 4051

Hi gentlemen, we are having the same discussion about gold on another thread and in another language: Subject 34001 I do agree with Bob Brumell. Gold may be one of the many moneys in this world, but it's not the «ultimate money» of the free entreprise world. In our world, it's a metal and a nice one! And unfortunately, I do not agree with Claude when he says: I know that, despite its volatility, it will maintain its purchasing power all over the world, over decades and centuries Gold is too volatile to be used to store value. At the beginning of the eighties, I was working in an international canadian bank. I have seen a lot of people cancel their US$ high interest long term certificates of deposits to buy gold to better store their capital. Well, where is this «stored capital» now? In the hands of the speculators who were selling gold at that time. They only way to store value with gold is in selling it, not in buying it. And to sell it, you have to mine it first!!!!!!!!!!!! So let's mine it! JP

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