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Strategies & Market Trends : Natural Resource Stocks
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To: isopatch who started this subject9/28/2003 4:50:54 PM
From: Wade  Read Replies (4) of 108610
 
The more I think about GG's holding of gold the more I think it is the best decision they made. Let's take at look at what the rest of PM mining industry is doing. Many of them are raising cash by issuing stocks and use some of the cash to retire debts and buying mining properties. They put the left over cash in the bank for "future" use. These behaviors are completely unethical in my view. Because these companies are claiming that paper money are going down the tube and POG is going through the roof. Now, you can see the problem. They put your cash investment in waste baskets if these are the real the directions of POG and paper money. Are they full of it? What they should do is to buy gold from the market with the left over cash and keep a portion of gold produced. They can sell gold for cash only when they need to use it. This is the right way to handle your cash investment, imho. By doing so, POG will go through the roof so will be your investment and the stocks.

I think GG has demonstrated exceptional leadership in this industry. The rest miners should follow, imho. I am not promoting this movement or this stock. This is what I feel they should do. Again, this is just mho. Furthermore, I prefer to receive my dividends in gold nuggets. Good luck in gold.

Sincerely,
Wade
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