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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.05

0.0%

4:00 PM EST

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To: teevee who wrote (25051)	12/29/1998 6:05:00 PM
From: Stephen O	Read Replies (1) of 116957

I would rather have gold bars stitched in my mattress than cash. It won't be destoyed in a fire for one thing. I keep reading that the Japanese are hoarding cash because their interest rates are so low. If it was a matter of holding cash or gold I would hold the gold. Obviously any asset you have can be invested at various rates of return. Inut stocks give you 10%+ a week right now. The Indian gold bonds concern me. If I read it right the Indian govt will lease or sell the gold deposited with them, earn a return and recompense the original owners with part of that return.

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