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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marek_wojna who wrote (5027)	6/16/2001 2:16:55 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Maybe for you hundreds of thousands of miners around the world mean nothing, but the "NEW" economy is paying its price and it is a beginning only now> What the heck? Do you mean there are that many miners digging gold? I think I 'get it'. They dig gold, sell it to a 'gold bug' in exchange for some of Alan Green$pan's freshly printed paper [we use plastic in Kiwiland and Oz = saves the trees], then the gold bug hides the gold in a hole in the ground. I'm sure that makes sense somehow. But why not just get the miner to promise to dig for gold if you ever actually want it and provide a certain amount? An insurance company could guarantee his effort in case he dies or goes broke and can't fulfill his promise. You could give him your Alan Green$pan money and he could go shopping without the arduous effort of digging holes in the ground and carting gold to your hole in the ground. The gold wouldn't need to be insured, guarded, transported, administered etc. No fuel, digging equipment, loss of miner life in the mine, heck, he'd sell the gold for a really cheap price if you promised not to require delivery for 10 years! You could get gold for half the price. Or even less. He could trade the contract to produce gold. Everyone could be happy. I suppose your concern would be that in a mighty financial collapse, you wouldn't have your gold, the insurance company and mining company would go bust, you wouldn't have your money. If that happens, life would be quite bleak in any case. There hasn't been such an episode. Is it really worth giving your money away for some gold in the ground when your money could buy you productive assets such as the lovely Nasdaq creative New Paradigm stocks which will sell products and services to billions of people in a global village? I'm considerate of those hundreds of thousands of miners and have now offered a way for them to stay above ground and make a lot of money by promising to dig later. While they wait to dig gold, they could work for New Paradigm Nasdaq companies and boost production of things which people really want. You get ownership of really cheap gold now. Mqurice