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

To: Richard Mazzarella who wrote (59236)	10/2/2000 9:45:48 AM
From: Alex	Respond to of 116762

Castro begins hunt for lost Spanish gold By Elaine Cole 2 October 2000 President Fidel Castro has given the go-ahead for a hunt for the world's largest treasure trove, lost for centuries off the treacherous Cuban coast. Scientists believe there is more gold on Spanish galleons sunk by the island's coral reefs than there is still to be mined. Cuba has sold Rory Boyes-Varly, an American internet millionaire, a licence to search for the gold. The Cuban-US partners have enlisted a Briton, Gordon Stove, who devised technology that can identify any known material lying hundreds of feet underwater. Previously, radar could locate the material but not identify it. Mr Stove's company, Radar World, based in Gladsmuir, East Lothian, will be paid £25,000 to investigate the wrecks and pinpoint gold. The communist but cash-strapped Cuban government has sold the exploration rights but will take a percentage of any treasure. Mr Stove said: "It really is the stuff of boyhood fantasies – treasure chests full of gold coins, pieces of eight, jewellery, silver cutlery." He said he devised his treasure-hunting program while working for his father, a research scientist, during a summer vacation from university. "This software is like an electronic sniffer dog: it can identify everything from rare minerals to clothing."

To: Richard Mazzarella who wrote (59236)	10/2/2000 12:01:09 PM
From: goldsnow	Read Replies (1) \| Respond to of 116762

other than investing for the very long term in gold stocks, buying the takeover, or merger candidates (not the names listed) makes more short term sense? >>> Unless they would be bought for nothng...(which they would if POG stays where it is or drops some more...:(