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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Proud Deplorable who wrote (26365)1/5/2004 2:56:44 PM
From: Salt'n'Peppa  Read Replies (2) of 39344
 
ralph, don't believe everything you read...

...and certainly don't believe ANYTHING you see on CNN!

I have worked in 5 different North African nations over the past 7 years and have had very good experiences.
Yes there are political instabilities and short sighted dictators in many small African countries, but don't paint the entire continent with the same brush.

There are very real profits to be made in the mineral rich "dark continent".
To issue blanket statements about Africa, as you have done, is to reveal your own instability and short-sightedness.

Marc Faber is a Swiss economist who has lived in Hong Kong for 25 years and studies Asia.
He cares little about Africa.
I think you could find a far better authority on Africa.

A quote from Dr. Faber's most recent "market comment":
The problem I have is that I don't find many bargains today anywhere, except maybe among precious metals, which are partly commodities and partly the only really "hard currencies", whose supply cannot be increased meaningfully. Platinum prices are at a 23-year high. Thus, it is entirely possible that also gold and silver will fly to the upside in the next two years.
If that gold is in Africa, who cares?

Don't close your eyes to opportunity. ;-)
S&P
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