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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: IngotWeTrust who wrote (7972)10/25/1997 1:09:00 PM
From: Terry Swift  Read Replies (2) of 10482
 
Rose:

Good point that more investors should keep in mind. Its called FUNDAMENTALS and so many forget it so quickly. Physical demand for gold is at an all time high and is not projected to slow down any time soon. India has just passed new laws making it easier for their citizens to buy gold and the Asian countries will buy it by the truckload when the dollar starts to weaken. Because gold is priced in dollars and the Tiger's currencies are pegged to the dollar, the POG in their currencies is astronomical right now so demand for gold has really been quashed over there for now, but the dollar will inevitably fall and then those US bonds won't look so good, gold will be cheaper and demand from the Asian countries will boom. They won't soon forget this currency crises over there, just as this country has not forgotten the great depression and Germany has not forgotten their hyper-inflation of the '20s. Gold will be back.

Terry
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