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

To: goldsheet who wrote (42586)	10/10/1999 1:58:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116786

Thank you so very much Bob for providing what this thread has so sorely needed.. Alex' great find re Japanese not planning on adding to their reserves was one huge damper..your showing the thread that there is so very much cheap gold ready to be sold to the market was a huge eye opener(also on how much we read balance sheets :-( ) Once again the hope for gold to scream runs counter to the well being of most citizens of the world..some huge financial crisis that would affect millions upon millions of jobs.. Henry V. in one of his many superior posts(hope he doesn't read this one because I can't stand syncophants)said that the bond vigilantes in a sense have replaced the need for gold. To: Richard Harmon (68315 ) From: Henry Volquardsen Tuesday, Sep 28 1999 7:44PM ET Reply # of 68907 Hi Richard, 2-5% of your net worth in gold? Did they get that from the same folks who came up with two months salary for an engagement ring :) Fwiw I still hold to my opinion that the freeing up of the global capital markets has reduced gold's role. As long as the global bond vigilantes punish currencies that pursue destructive policies and real rates of return remain high gold will be an unattractive long term investment. Henry." I wonder if those bond vigilantes would do the job for A.G. and keep inflation in tow.. (but I can't think of how they could prevent stagflation in country) (ie currently there is no affordable new housing in New York city..don't know enough about the rest of the country-wages for the majority have not kept up with real estate etc..nor I think health costs etc..how are fixed income people feeling?..I was also told no national focus on affordable housing either..) ps When I heard the interview on tv with head of Barrick I am certain he said that Barrick was just fine with their hedging policy since they have a lot of cheap gold that can be mined when needed..so they win win