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

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To: Richard Mazzarella who wrote (31279)3/28/1998 7:33:00 PM
From: d:oug  Read Replies (1) of 35569
 
Richard, thanks for info on delisting events.
I still have some money to buy more IPMCF if the price
goes to something like 1/4 thru a delisting decision.
I have no portfolial. All my speculation money is in IPMCF.
My other money, that which is needed for present and future
expenses is in bank CDs, the opposite extreme of buying
shares in a "gold mine". Every year there is a 100% chance
that the money in my bank CDs will loose in value a couple
points more than the inflation rate. But with FDIC insurance
backed from my government, I am 100% sure that 95% - 98% of
my bank CD money will be there. I would never speculate or
gamble or take chances with "needed" money.
The money I put into IPMCF is the money I saved to buy a nice
new car and pay cash for it. One year from today I will either
continue to drive my old VW Golf or buy a new BMW 8 Series and
pay cash.
Yes, I am new and no-experience here ("newbee"), but by following
this IPMCF thread of people like you with experience, all I need
to do is make decisions based on your and the other peoples
posted comments.
Thanks.
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