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


To: long-gone who wrote (41843)10/2/1999 5:42:00 PM
From: Henry Volquardsen  Read Replies (1) | Respond to of 116756
 
Richard,

Please restate any position you hold in the miners or gold again so everyone gets it exactly right.
Do you mean whether I own any gold stocks or bullion? I own shares in several mining companies, mostly small development mines. I like small miners who develop properties for eventual sale to a major. I've had good experience with the Hunter-Dickinson group and own shares in most of their ventures. Taseko Mines (TKOCF) is probably the largest of the bunch.
I don't own any bullion and never have. I have a few gold coins but those were all given to me my dad as Christmas or birthday gifts. He grew up in Nazi Germany and thinks I'm nuts when I tell him I don't think gold is money -g-. I also have half a bar of silver that I won in a bet. I keep it for sentimental value and use it as a door stop.

I hope I answered the question you were asking -g-

As far as the article you linked I don't think it is very significant. The article is about the Karachi exchange, as far as I know this is not a major market. At the risk of being facetious it is probably like the local market running out of milk, a localized event in a minor market. Also the trading suspension appears to have been on Monday. I don't deny that gold was in significant turmoil at the start of the week. My point was that by the end of the week things appeared quite a bit calmer, not business as usual by any means but better than Monday/Tuesday.

Hope this helps

Henry