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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Natedog who wrote (14125)	1/27/2001 2:40:25 PM
From: Phil Jones	Respond to of 14627

Gold needs a world crisis. A 10-kilometres-in-diameter asteroid heading for earth -- or something similar. Until then, I don't see anything happening to the POG. The rule of thumb would be that for every kilometre-in-diameter increase in the asteroid, add about $100/ounce to the POG. I think we just have to be patient, and wait for such world disaster to occur. It can't be too far away. NASA intends to send up a satellite to look for problem asteroids that could potentially destroy all life on earth. I feel that all Gold Bugs must lobby the U.S. Government to stop such action by NASA. Without a world crisis of astronomical proportions, don't expect the POG to increase! Sad, but true!

To: Natedog who wrote (14125)	1/27/2001 3:30:25 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 14627

Nathan, <There is no longer any value and economic bearing ASSociated with gold and there won't be for some time. > You can't be serious. Gold is still rare and precious. It is still money as well. Intelligent people are accumulating it because they understand how depressed and cheap it has become against the US dollar. And, even if gold is cheap, there are some solid investment in gold mining companies. Unfortunately, PFG is not one of them. There are companies that are developing deposits where the operating cost will be in the $30-$100 USD per ounce range. They are rare, but that is where your money should be... not in those overvalued high tecks. In two 3 years from now, when the Naz is trading at 1000, it will be the time to get back in the techs... but not now. The bear market rally is over.