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

To: Richard Mazzarella who wrote (62679)	1/15/2001 1:33:30 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116764

Richard, There is no doubt that if you get in at the good time, gold stocks will provide much larger capital gains than physical gold. However, I agree with you that buying physical makes a lot of sense. Gold is money and has such, its exchange rates with other paper currencies is at near 22 year lows. Instead of accumulating dollars, francs or Marks in savings accounts (assuming that such saving programs still exist -:)), investors would be much better off accumulating gold. You get diversification and a great low risk long term investment. I can tell you that this kind of demand is growing. Recently, we added a new services for our customer. We are now exchange broker and offer our customer 100%-backed by gold digital currencies. Because of the flexibility of these new currencies, they are easier to sell to investors who have never bought physical gold. Purchasing $50 of gold per month at a small charge over spot prices is much more acceptable than buying Maple Leafs at 8%-10% premiums. As for the argument that these physical purchases will help demand and therefore potentially impact on gold prices. Well, the physical gold market is really small when compared to the gold paper market. The later dictate the prices. Remember, gold is money. CC