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To: patron_anejo_por_favor who wrote (75042)	3/3/2001 1:09:04 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Gold is a non perishable commodity, the loss factor is marginal as related to cooper or silver, not to mention iron who is very abundant. As such gold gained the status of "money" wen paper was unavailable and further wen paper money was backed by highly questionable and corrupt governments. (not that Bush is much better <GG>) The price of gold is not "money" any more but driven be supply and demand, and/or in correlated to inflation as in the past but more to the price of mining new gold. The world population at large gained trust in numbers written on worthless pieces of paper which are enforced world wide by local and international laws. As long as this believe among humans exist, gold is a nonperishable commodity with relative limited supply and it's price will fluctuate with economic cycles. The short positions may generate price spikes but I see silver as a much more attractive commodity even that in many mines silver is a cooper by product. It will be not long that the US will start selling it's gold reserves to. IMHO it just does not make sense to keep in a safe and pay for it, it except for strategic industrial purposes. BWDIK Haim