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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.01

+2.8%

Nov 5 4:00 PM EST

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To: Sergio R. Mejia who wrote (7365)	2/8/1998 3:20:00 PM
From: Terry Rose	Read Replies (1) of 116752

Sergio: It's nice to have Buffet in the precious metals camp. With all the expansion in the world's money supply recently, inflation will begin to show up within the next 12-18 months. A few examples of money supply creation as reported by the IMF are as follows: 1. China +17.1% 2. India +16.2% 3. Italy +10.3% 4. Great Britain +10.6% Phillipines +23.5% S.Korea +20.7%. Add in 1% daily money increase in Japan and 10% annual increase of M3 in U.S. and inflation seems a foregone conclusion. Since Greenspan and other central bank gurus have chosen this path to prevent a global market meltdown, they have opened the door for those in hard assets to profit. Terry,

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