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

To: Enigma who wrote (46933)	1/10/2000 9:56:00 AM
From: lorne	Read Replies (1) \| Respond to of 116759

Ashanti served court notice by shareholders seeking new management London--Jan 10--Ashanti, the Anglo-Ghanaian mining group, said on Monday it has been served with proceedings to remove the current board by four of its shareholders led by Adryx Mining and Metals Ltd. Ashanti said it intends "to vigorously defend these proceedings". The first court hearing will be at the Ghanaian High Court on Jan 13 and the company said a further announcement will be made in due course. (Story .11622) Ghana's Ashanti group treasurer Mona Caesar-Addo quits Accra, Ghana--Jan 7--The group treasurer of Ashanti Goldfields Company has quit her job, in the wake of the company being wrong-footed late last year in its forecast of the world gold price. Mona Caesar-Addo, 37, who was in charge of the company's hedging activities, gave a month's notice of her resignation on No vember 30 and subsequently left with the entire treasury staff, Bridge learnt today. (Story .14218) crbindex.com

To: Enigma who wrote (46933)	1/10/2000 12:01:00 PM
From: long-gone	Respond to of 116759

Question: Gold? Silver? -- R.L. The Expert?s Answer, as provided by America-iNvest.com?s Robert Moskowitz: I?m assuming this questioner?s intended inquiry actually reads something like: ?I?m wondering if now is a good time to add a reasonable percentage of precious metals like gold or silver to my existing well-balanced portfolio of equities and bonds?? The answer is a definite maybe. Precious metals like gold and silver have historically been good investments to protect against inflation in particular and uncertainty in general. But inflation hasn?t been much of a threat in the past few years, and there haven?t been many other threats to our stability, so the precious metals haven?t performed very well, in and of themselves. But that isn?t to say they haven?t had a place in a well-balanced portfolio. As you may know, ?portfolio theory? offers mathematical proof that a portfolio containing several different asset classes -? each of which responds positively to a different economic scenario -? improves your portfolio?s overall risk/reward ratio. Precious metals are a good addition to many portfolios because their price movements have a very low correlation with the price movements of other asset classes. Most obviously, they do well during inflationary times, precisely when the prices of most other classes of investment assets are tumbling. Placing as little as 5% of your overall portfolio in precious metals like gold and silver can improve your risk/reward ratio -? even if their prices remain relatively stable. And if gold or silver prices happen to move higher over the next five or 10 years, you will enjoy significantly higher gains than you otherwise would. Investments in gold and silver can take the form of mining company stock (you?re paying for precious metal inventory, both above and below ground), shares of a mutual fund (which invests in the precious metals in various ways), bullion, coins, warehouse receipts for precious metals, futures contracts, and option contracts. However you invest in precious metals, be wary of offers to sell you precious metals at ?below market? prices or to ?share the risk? of ownership with you. The safest course is to deal only with reputable and well respected sellers. Disclaimer: In rigorous, scientifically controlled clinical trials, monkeys have consistently picked investment vehicles more profitably than even the most successful human brokers and money managers. Since I am not a monkey, I make no claims about my investment-selection suggestions being accurate, useful, intelligent, relevant, or worthwhile. In fact, I suggest you get a monkey to manage your money or -- if you can't find a good one -- stick with a troupe of the most successful human money managers you can find. In my view, the Golden Rule of Investing is: Make your own investment selections only when you feel so strongly about a particular vehicle that you're willing to lose money on it. Any specific investment vehicles mentioned above are not intended as recommendations, just listings of investment possibilities for you to investigate. america-invest.com

To: Enigma who wrote (46933)	1/10/2000 2:50:00 PM
From: Terry Swift	Read Replies (2) \| Respond to of 116759

Was the Holocaust a "system"? Was Mao's "Cultural Revolution" a system? Was Stalin's purges of his enemies a system? Was Vietnam's "re-training schools" a system? Not hardly. They were instituted by evil men behaving in an evil manner. To consider them or the Spanish Inquisition an inherently evil institution or system apart from the men that planned and committed these evils is ludicrous. Systems and institutions are meaningless without people (good or evil) to implement them and carry them out. It always comes back to the same fundamental principle, people behaving in a manner that is good or evil.