International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Claude Cormier who wrote (25988)	11/14/1997 10:28:00 AM
From: Walt Holberg	Read Replies (3) of 35569

<< if only gold could reflect this reality. >> Claude, every day brings new evidence that the era of gold as a store of value is passing. Even during the recent global turmoil, world markets hedged with paper, not with metals. Asia is entering into a state of overcapacity and recession, which means years of deflation ahead (last week's Barron's). I agree that the current gold demand/supply imbalance will be corrected eventually by the market, but the long run is still pobabably down. IPM is a great mining company of precious metals and will make plenty of money as a low cost producer in spite of the price of gold, not because of it. Regards, Walt

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