Precious Metals mutual funds (gold, silver, PGMs) Message Board

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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Larry S. who wrote (287)	2/16/1999 9:36:00 PM
From: Richard Mazzarella	Read Replies (1) of 972

Larry, IMO gold will stay very close to $290/oz. What's the point in buying something that doesn't appreciate? Gold isn't money anymore and the risk is that it could quickly follow oil, then even $290 would look good. Miners will never appreciate if POG doesn't. The stability in the POG is because of hedging, the miners being the biggest problem. We could make money when gold goes either up or down, but the hedging stabilizes it. I'm starting to become disgusted owning metals in any form. However, the day I sell is the day it moves up. I know, sell. <VBG>

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