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

To: goldsheet who wrote (61641)	12/3/2000 7:05:52 AM
From: d:oug	Read Replies (2) \| Respond to of 116764

ok Bob, you gotta go slow and easy with me here on my questions. First, when is a coin not money? I ask this because I'm confused with these pure gold coins that many nations have and continue to mint and sell at the present days price of gold plus a few dollars for labor. If price of gold today is US$269 then is a solid gold Canadian 1 oz for example about US$269 plus 5 to 10 dollars? No sure, but these are not real money coins I think, as on the coins surface is not a currency value that paper money has. If I remember what I saw on those web sites that you and others have mentioned, that the same cost for these solid gold pieces can be obtained in either a coin version with each nation having a nice picture stamped on it, or you can simply get it in an ingot. All will say something like 99.99% pure 1 oz. To call these chunks of physical gold as coins causes me to get confused, since why should I pay an extra cost when I can get the fiat paper "coin" at face value. To me they should not call them coins even if they look like those long ago Roman Empire gold coins that were used as money, but should say that they are blobs of melted physical gold that represent a store of value in worst of times, and high speculation in best of times. I'm gonna write my Congressperson and recommend that it be illegal to make physical gold look like coins since it confuses too many folks as they see all those people with the punny sounding name hobby saying that this little gone thru hell gold coin is worth a million. My recommendation to echo longone's fight to have every Joe Tom Sue and Mary buy physical gold just like they would buy shares in IBM or GE. Buy physical gold in 1/10 ounces will look like buying a share in a good-as-gold company for about US$29 a "share" via a broker like E*Trade online of have it included in mutual funds just like its a company. Not sure, but the e-gold money web site that lets people pay for things using the physical gold they hold, I forget if they also can sell you the physical gold? Imagine if a gold producer like Barrick had on their web site a way to purchase directly from them their mined physical gold with the understanding that it will exist and not be "shorted" or loaned out or in-name-paper-only. a.k.a. non fungible ok Bob let get down and dirty and get real, is physical gold NOW a good safe investment. I'm not talking shares in gold producers, but owning that real stuff gold and paying a warehouse to store it for me and ok in a fungible manner just so that they no act like a bank and lend any out and only have a fraction on hand. Guess I'm thinking that for example I do like this person... To: Rarebird who wrote (61623) From: Dave kilty Saturday, December 2, 2000 Say you hypothetically had $100K you wanted to invest in gold and or gold stocks; how would you divide it up?TIA Dave ... and I do it all in physical gold and do not care if it exist in solid liquid or gas, and do not care if it exist as part of a whole piece as in my 23 pounds of gold lives in that storage place always and always. Now Bob, if I did this 11 months ago, last Janurary, would I have made a good investment? "Since January 2000 the Dow is down 9%, the NASDAQ is down over 45%... and gold bullion has done virtually nothing." "In fact, the only niche of the gold market that has shown consistent growth over the last 20 months is the small area that Swiss America has been recommending - U.S. Gold Commemorative coins - which are now up as much as 86%!" END. Good Golly, 86% of $100,000 minus storage costs... :o))))) doug

To: goldsheet who wrote (61641)	12/3/2000 8:29:05 AM
From: Zardoz	Read Replies (1) \| Respond to of 116764

Maybe I show keep working on (and try to promote) my own mining index. I would be interested in a past chart of such index you've created. BUT like the XAU your index is likely faulty as well. Any gold index should take into account the total dollar accrued from gold, as a ratio of the full-accrued revenue. And an appropriate weighting of the company thus given. This would result in a pure gold index. Something that has never occurred before, except in the papers of derivative speculators. Hutch

To: goldsheet who wrote (61641)	12/3/2000 5:07:57 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<Maybe I show keep working on (and try to promote) my own mining index. If you recall, I put something together about six months ago, but have not updated it.>> Bob, No matter how much we here like & respect you, should we believe your - or even our - Index might ever gain broad enough acceptance by the investing "powers that be" for it to be widely addressed, quoted in the financial media, & act as an AMEX trading vehicle as do SPY's, MDY's, SOX......? Questions: 1. Should it be a "Precious Metals Index" or a "Precious Metals Producers Index"? If so, should a bullion component be included?(set number of OZ of gold & 100 X OZ of silver) with-in the index? 2. Should it be a "Precious Metals Producers" index or a "Gold & Silver Producers Index"? Should Platinum Group producers be included? a)if so,then should those bullions also be included? Way off base on inclusion - but only in one manner of thought: 3. Include DeBeers? 4. We have brought up the issue because of inclusion of a copper producer in the existing XAU. At what point of "non-percious metals" production should a producer be EXCLUDED? Should it be based on a number of total tonnes / OZ produced, or percentage of tonnes produced, or percentage of $ produced? 5. Moth-balled production or exploration play inclusion? SIL - Due to price don't think they produce ANYTHING currently, all moth-balled. These are not "suggestions" or attempts to poo-poo your actions, only questions. I would think it GREAT if we here(any of us) could have some level of impact on the next new better(perfect?) "Precious Metals Index" traded by "Wall Street"!