Wheaton River Minerals (WRM Toronto) Message Board

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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

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To: Steve Johnston who wrote (119)	11/27/1997 1:13:00 PM
From: Michael Markham	Read Replies (1) of 350

I am concerned about the gold price not just for us but for the larger devaluation of assets. The price of gold has fallen in relation to the devaluation of the Asian currencies and now the international value balance of assets is out of wack. Where will the other 40% revaluation take place? I cant move out of gold now (although it was never more than 30% of my assets) but what might happen is every thing else will fall in value to match the fall in the gold price. If the central banks still have 35 thousand tons thats not a lot for the richest countries! Everyone seems to think wealth is measured in something other than gold. Just some thoughts in this down market at Thanksgiving. Regards

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