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

To: Ken Benes who wrote (43807)	10/25/1999 2:05:00 PM
From: Enigma	Read Replies (3) \| Respond to of 117036

Well it's hard to imagine anyone buying a gold stock who doesn't realise that the underlying commodity is Gold! Now some people, I admit, own gold stocks for insurance - say 10% of their total portfolio - even though they have no particular interest in the commodity. You seem hard pressed to know the difference between investing and speculating. An investor is someone who assesses the downside as well as the upside - so for the future - what better than investing in a company that has hedged it's product and which can participate as to 70 % in the upside? I don't know if you know anything about portfolio management - but diversification is usually the name of the game - that and some insurance against financial calamity. d