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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Hawkmoon who wrote (26588)	1/20/1999 10:31:00 PM
From: Enigma	Read Replies (1) of 116764

Ron < The reason they have paid exhorbitant prices for gold in the past is based primarily on this fallacious perception that gold has more value than paper, or is somehow, more sound> With respect - paper has proved worthless on many occasions - ask the French, Germans, and Russians, and recently the South Koreans. People have a long memory. Gold has intrinsic value (as coinage it's always worth more than its face or nominal value) while paper has none - it has value as an obligation to pay but the holder has little control over the actions of the issuing government who can inflate the currency at will and decrease its worth. this surely is the whole point? BTW don't avoid the juniors - I've been finding some of them to be very profitable in this market. ARP did a lot to start this mini surge. dd

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