SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : International Precious Metals (IPMCF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Walt Holberg who wrote (25997)11/14/1997 11:15:00 AM
From: Claude Cormier  Read Replies (2) of 35569
 
<< Claude, every day brings new evidence that the era of gold as a store of value is passing. ... but the long run is still pobabably down. >>

Walt, of course I disagree. Don't be fooled by the current irrational exuberance in the financial markets. They won't last. Microsoft at $130 is an aberration. It is only a matter of time before those with the $$ turn some of their profits to gold. Keep in mind that the gold markets are currently manipulated to make the financial markets look better. Again, thios won't last.

<< IPM is a great mining company of precious metals >>

So far they don't have any gold reserves. So we will have to wait and see on this.

<<..and will make plenty of money as a low cost producer in spite of the price of gold, not because of it. >>

That remains to be seen. Maybe 5 years down the road..at the earliest. Many things can happen during that period. In the mean time, I am slowly picking up other mining companies at bargain prices.

CC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News