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Gold/Mining/Energy : Gold Price Monitor

GDXJ 118.97

-0.9%

Dec 24 4:00 PM EST

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To: lorne who wrote (2985)	11/9/1997 5:10:00 PM
From: John Barendrecht	Read Replies (1) of 116824

Canada has a stated policy to sell all of their gold reserves and have been doing this very slowly. If I remember correctly, Canada has very little gold - 3 million oz. You could call Preston but I still believe your best to vote with your dollars. Buy gold mutual funds, coins, stocks, etc. I will not ask the government to get involved - name me one program that the government does that you are proud of. When the US gov't was involved in gold they pegged it at $35. Do you really want that to happen again, especially with demand outstripping supply. Sooner or later it will go up. Not familiar with S. Korea.

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