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To: prosperous who wrote (148944)2/5/2002 5:10:54 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
Hemant, trying to predict the PoG is not easy...has made many an otherwise knowledgeable man look foolish in recent years. but one thing's for sure, the SA miners are making a lot of money at current levels. the public, as far as i can discern, hasn't really caught on yet though. except in Japan and other hard-to-find-on-the-map places. :)
apparently once one is safe in the knowledge that one's banking system is completely insolvent, resurrection of the barbaric relic as an investment destination is no problem at all.
in this context note that Argentina's middle class savers now collectively wish they had realized a bit earlier what the difference between promises and hard assets is.