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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

4:00 PM EST

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To: IngotWeTrust who wrote (85526)	5/21/2002 2:55:50 PM
From: Cage Rattler	Read Replies (1) of 116818

I want to thank everyone who responded to my inquiry concerning the why of owning gold-backed currency or gold bullion, coinage, etc. The information furnished, and the leads provided, were way beyond expectancy. Consensus is that it is wiser to hold the gold rather than to rely on governments and banks for backing and access. I am comfortable with that; however, where to stash such assets might be a problem. I was of the opinion that the Suisse Franc was the strongest backed currency. It seemed so simple; but I can see drawbacks and problems ahead. Thank you for the reference to Ian McAvity’s , “Deliberations.” After a Google search I admit that it is impressive. I was told by a very successful investor from Hong Kong, that the Chinese people believed it is wise to own gold in times of difficulty. He alleged that Chinese consumption of ornamental gold will be in high demand during times of economic pessimism or if war seems inevitable. If that is true, it may present a significant and possible unappreciated demand for gold. Thank you guys again, Ted

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