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Gold/Mining/Energy : Canadian blue chips

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To: David Houlding who wrote (4)	5/16/1999 11:58:00 AM
From: bill	Read Replies (2) of 36

Okay, guys, given the hypersensitive reaction to the suggestion in the US that there might be some inflation on the horizon,what's the strategy toward our blue chips? Unload? Wait for prices to bottom as interest rates find a top? In inflation it's not a good idea to sit with cash (thirty years ago I watched a Brazilian millionaire become a pauper because he sold his ranch and his profits became worthless pieces of paper. What stocks will do well in an inflationary environment? And, big question, how much inflation and at what level interest rates. Few today seem to remember those mortgage rates that peaked at 21% in Canada some years back. I watched people who'd put ten percent down in a frothy housing market get wiped out. Banks were offloading property at less than the money owed because they were sinking under the weight of repossessed properties. OR are we just looking at a moderate increase in inflation, that drives up interest rates one percent, that will, with the tax structure, leave investors in bonds who are taxed at 50% with a negative return instead of a real return? Or...

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