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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (38638)	6/7/2000 10:20:00 PM
From: Archie Meeties	Respond to of 42523

A debacle it is, but that's why you buy gold - to hedge yourself against the worst possible scenario. At some times it just seems a little worse than others. I actually am about 10% physical and 90% paper myself, but I try to choose the paper gold carefully, with thought about oz reserve:share ratios, margins, where their mines are, ability to restructure to settle in euros (SIL fits that bill nicely, I'm undecided about the Canadian dollar), and debt. The ideal paper gold asset would have phenomenal margins, no debt, have a high oz reserve:share ratio, and operate a mine in the Swiss alps worked by robots who could quadruple productivity overnight. It would be powered by solar power. There would be about 4 employees and the CEO would dress like Elvis but his nickname would be "The Judge".