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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Mark Bartlett who wrote (2941)	11/7/1997 12:45:00 PM
From: Bill Ounce	Read Replies (1) of 116830

Re: fund manager request. <<If we write fund managers with a request that they put 5% in bullion, they will at least notice the letter. If 100 or 1000 people do the above, things will change. >> Mutual funds are bound by their published investment guidelines. If their investment objectives don't state bullion, they have no business buying it. For example, a growth stock fund should get sued by its shareholders if it goes 10% gold. A more practical approach is to ask fund companies to set up NEW mutal funds that follow a conservative diversified approach that includes some bullion. Then people would have more opportunities to balance risks of market crash. I bet some of these funds already exist. Try looking at fundsinteractive.com or quicken.com Vote with your dollars. Let free market forces prevail. Re: gold standard Let's start the North American Society for the Return to the Gold Standard* ..... somebody has to wake these people up. Also - buy some physical gold.* Lobbying for a gold currency standard will probably backfire. Best case, you get labeled as a "nutcase". Worst case, they listen to you, go back to the gold standard, and confiscate all your personal gold holdings as they did back in 1933. It is not unexpected for governments to want the ability to control their money supply. More practical approach -- lobby to further recognize this precious commodity as an "official unresticted" investment option. This will protect those of us who already see its value. Those who do not learn from history are doomed to repeat it.

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