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

To: d:oug who wrote (44884)	11/11/1999 10:53:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116779

Smoking again? On this thread there is a very small group of individuals who have little experience of investing, gold, mining, being in the work force, etc., yet they spout this pap about Barrick, conspiracies, Hannibal and so on. If they encounter anyone who doesn't buy the junk they put out they feel personally insulted. I exclude Richard from this! I have followed the Barrick story since the beginning - in fact I worked for a predecessor company, or to put it more exactly I worked for a company that Barrick took over two years after I left it. This company supplied many of the mining executives and employees who contributed to one of the great success stories in the history of gold mining. I have no interest in working for Barrick or any other company - I left the corporate world in 1981. It irks me to see all of this stuff here - as Ike said nobody is forcing anyone to buy Barrick - or to short it for that matter. If you were an investor, or speculator you'd make up your own mind and act accordingly. And you'd know that opportunities exist if you peel back the prejudice. I've also in my time been President of a group of mutual funds and have been a stockbroker. If you feel that I'm a 'lightweight' that's your judgement! But I guess I've been round the block a few more times than you have - for better or worse. I don't think Barrick needs any PR help from me!! - I don't suppose you've read any of their material, seen any of the Annual Reports, etc. I got Murphy's material for a while as a freebie - but balked when I had to pay for it! There is too much good and free information on the net. Hysteria wears pretty thin very quickly. So take care - I'm withdrawing from the Barrick stuff. I think Ike put it pretty well.

To: d:oug who wrote (44884)	11/12/1999 10:44:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116779

... doesn't own N.Y. Brooklyn Bridge, how can they continue to sell it? How the hell did they afford to build that bridge in the first place? By going into debt, mortgaging the future financial benefit of it, in order to build it today. How can a real estate development company sell you a house that they haven't built yet? Because you know they will build it or be able to sue them for your loss. Bettter yet, how can a home buyer mortgage his future wage earnings in order to buy that home he obviously doesn't have the cash to afford? ... doesn't have the physical gold, how can they sell paper gold ? Because they simply know that if a gold company doesn't produce the gold that the "paper" represents, they can declare them in default and take ownership of that mine. Just as mortgage notes are securitized and sold through Fannie Mae, representing future fully paid value on those notes, paper gold is traded on the condidence that it can be exchanged for physical gold at some point in the future. Probably time for you swab out those wax-laden ears once again. (or obtain the proper corrective lenses to improve your eyesight). Regards, Ron