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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (35006)	6/9/1999 11:19:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116955

You're very right, but oh so wrong. 1. Money is the key. 2. There just ain't enough money in these pockets to get the job done (ain't you heard, I'm only doing a part time job now, and was with-out for quite some time) no mining going on, little to no manufacturing, near no petroleum. 3. The real problem is the lack of reliable fund flow into gold bullion. The bulk of personal wealth in the US(around 85%) is currently in the stock market. In times as few as 20 years ago, the bulk of value was held in homes, small businesses & farms/ranches, savings accounts, & precious metals. By most counts there are precious metals related mutual funds in less than 3% of the US workplaces(where 401k funds exist). Precious metals mutual funds which consist largely of bullion charge large fees, which are often related to storage costs. Of those available,often bullion loans made by the fund manager. If you want to allow for a better fund flow into metals you (all) will do as I have done and suggest to the World Gold Council they open a low cost bullion storage facility and market these low cost bullion (or even mixed funds) to every US workplace!