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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (1373)	5/1/2000 2:30:00 AM
From: koan	Read Replies (2) \| Respond to of 2255

I never did believe the conspiracy theory on the low price of gold. I believe most were selling it to invest in interest bearing securities. Compound interest in a non inflationary environment is hard to compete with. It doesn't seem to me you have to try too hard to keep gold down <g>; and there is buying of gold, but only at low prices. I know the state of Alaska's permenant fund sold all of its gold fifteen or so years and put it into the stock mkt (at the time I thought they were nuts), but it looks like they made a pretty smart move in hindsight. I just don't see any hope for gold in the short term without some sort of calamity, hyperinflation or a collapse of the dollar. The trade deficit could could cause some problems and help gold. I am more baffled by silver. that metal has been in a supply deficit for the entire 90's and it just sits at $5. My bad attitude toward gold has cost me a lot of money. I had 10,000 shares of IWA that I bought for about .13 and then sold at .25 and refused to buy them back eveen when I could see something was going on; and I had about 75,000 Vengold A and b wts that I sold in November for .03 for a tax loss. So I guess I need to get a better attitude - lol.