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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (75248)	10/1/2000 4:46:04 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Diana - 3 last points: Why gold - from the Banque de France: With respect to holding its gold, the Banque de France's view is that "it is an asset of last resort par excellence." As a rationale for owning gold today, the bank points out that: 1. "The absence of any credit risk is an intrinsic quality of gold: gold offers full security as long as it is properly stowed in central banks' vaults" 2. It has demonstrated its value as an asset with high relative liquidity in times of stress 3. It is a worthwhile hedge against the dollar's current position as the world's "First-Ranking Reserve Currency," or in other words, a hedge against a decline in the Dollar. ... that's all folks. Spent a day doing my homework; reinforced more than ever the market's at a peak risk-wise. If the coming Q3 Tech Earnings disappoint - we'll find that "trap door" the prior article mentioned and you'll be glad you've got some "Gold" exposure imho...