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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (7411)8/26/1999 4:12:00 AM
From: m.philli  Read Replies (3) | Respond to of 82273
 
I received an e-mail from Gata for suggestions on how to get the "message out. My reply was along these lines.
Why is it, there is not a TV show dedicated completely to Gold? If Sunday morning on CNBC can be full of info-mercials selling gyms and real estate get rich quick schemes, why can't the gold industry afford to by a little cheap time on the business channel to allow the public to receive information on the value of keeping a small percentage of their investment portfolio in gold assets.
It seems to me the coin/gold dealers, the World Gold COUNCIL, the mining associations, the newsletter writers, the mining newspapers, the resource mutual funds ,mining unions, etc. etc etc, could afford to sponsor a 1/2 to one hour show once a week that has an audience that would be focused on their products. if storage is a negative holding back investment, you'd think there would be a way to get the physical gold away from the bank storage vaults and into a privately run, market friendly entity, which would ensure it stays there! GOLD SALES could be promoted on the program for those interested and someone should be able to form a company for storage, that could be promoted and advertised on the channel. When you start thinking about the businesses and people that are involved and benefit from a healthy gold market. There should be enough sponsors to rent the whole damn Sunday Morning!
What is required to solve the problem of low gold prices is the return of the retail investor to securing some form of gold in his portfolio as insurance. The show should focus on why, provide information from guests fund managers, company presidents, coin market experts, or other industry people.
I'D ENJOY SUCH A PROGRAM AND WOULDN'T MISS IT! I t would be great for getting a weekly gold news summary, best places to buy coins, which ones etc.

Why Not! comments?
mike



To: Claude Cormier who wrote (7411)8/26/1999 11:09:00 AM
From: goldsheet  Read Replies (1) | Respond to of 82273
 
> DO you know what is the % of Cu vs Gold in their total revenus ?

I eventually found it on page 18 of the 1998 annual report
fcx.com

Copper 1.419 billion pounds @ $US 0.73 = 1.036 - 62%
Gold 2.190 million ounces @ $US290.57 = .636 - 38%

Aslo, I thought their cash costs per pound of copper were under 20 cents, but after the gold/silver credits it is 12 cents per pound.