Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (2492)	5/3/2002 4:04:55 PM
From: Tommaso	Read Replies (2) \| Respond to of 3558

>>Although the U.S.$ is going up,<< I'm not sure it's going up. I know it has gone up. I am heavily hedged against a decline of the dollar relative to other currencies, a decline that would be bound to occur very quickly if there were any kind of world-wide monetary discipline. A declining dollar would make gold hedges established using dollar-denominated bonds somewhat less profitable that the hedges have been during the recent years of rising dollar and low inflation. No, I am not buying Euro contracts. I did speculate in the Merrill Euro Warrants, and broke even, which was a poor enough result to cure me of any form of currency speculation other than holding bonds denominated in currencies other than the $US. (I have about 25% of our family net worth in: BEGBX, which is Euro-denominated; FAX, which is mainly Australian dollar; and FCO, which is mainly Canadian dollar and British pound. This is much more than the current value of my calls on NEM, some of which are up nearly 200%.)