GOLD-XAU Message Board - Msg: 3029477

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Gold/Mining/Energy : GOLD-XAU

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To: Don Green who wrote (854)	12/23/1997 9:50:00 AM
From: Larry Haraksin	Read Replies (2) of 1756

Don, I am glad that you are on this site to be the "Devil's Advocate". My gold stock purchases have been curtailed until answers to your questions are given in a non-biased manner. Gold companies I am looking at are the ones which have lower cash costs, lots of money in the bank, and hedged. One that I'm considerering is Miramar. It can be found at: miramarmining.com On the other hand, I'm glad the $US dollar is not the South Korea Won today. It has gone to its lowest level against the $US. $1US=1990 Won. I know that anyone in that currency would love to be be a goldbug now. Eventually, we will have deflation here and it will benefit those that did invest in gold at the right time. I believe that we may see the gold stocks go higher eventually as the Euro comes online simply because it will be another world reserve currency which the Arabs will accept for their oil. The dollar will trend down against the other currencies since they won't have to buy $US dollars to buy that oil. This has artificially created a dollar demand. When this happens, the gold price in dollars should trend up. Have a Merry Xmas and I look forward to reading your future posts. Larry

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