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To: The Philosopher who wrote (3620)	8/23/2002 7:01:30 AM
From: E. Charters	Read Replies (1) \| Respond to of 12465

So look at it this way. Investors are not experts in every field. They are baffled by degrees behind names, con artists, and stock promo schmooze. Anyone can ask a question, but is it the right question? If you analyse what really makes the US rich, is that what people invest in? Do they do Warren Buffet fundamentalism? Could they pick a good nascent business idea, or a good new management team? Or do they listen to their neighbour or the town gossip. (I hope it's not like the reasons they vote.) Come to think of it, what does make the US rich? When was the last time you saw someone buying shares in a hot new car company, a railroad, steel, aircraft or food/tobacco company? Or recommending a soft drink stock for growth? Look at the Dow. See any service companies or real techs stocks? Ok, MS. Would you have taken Cotts or President's Choice over AOL? I am looking to improve the fortunes of a couple of companies. I would love to do tech. <but> I see some real avenues in software, B2B hard/soft solutions, platform integration etc.. real business service. It is not what anyone else sees but its all idea development and not necessarily anyone else's philosophy. We almost made it in the tech bubble but our partners in the US just did not get it. They delayed. I have shelved the whole idea, short of meeting 50 rich uncles I never knew I had. </but> What does work in the field I spent 27 years in is plain hard industrial work in fairly high grade continuous veining in known producing areas. It made Dome Mines, Campbell Red Lake and host of others very wealthy. Not as wealthy as MS but they can lay their hands on a few hundred million or two at leisure. I know of two situations that will work. One guy I have known for a few years has independently verified 1 million ounces in various categories of proof that are mineable at generous high grades with infrastructure and permitting in place. Low bucks. Competent operators by all standards. No brainer with rising gold prices. Hard, hard, hard to get dollars. Vacillating gold price and fickle Dow/dollar is making people nervous. Nothing is predicated on higher prices though, and the gold price rise is assured for years to come. It is the way gold is. For the last 2 years gold has been the only game in Canada, with stocks leading gold price and coming back 300%. Best worldwide fund performer is a Canadian gold hedge fund based on TSE stocks. What irks me is that pure hooey like the dot coms and many other present paper empire looks so sure-fired and industrially competent and they are just a pile of crap. And plain ordinary money making business with hands on know-how people seems like high school kids making up spam to lure suckers. You may not be able to dress up gold mining and take it to the prom and it may not comand the highest stock prices, but at least it bas brought home the bacon in this country for the past 100 years. It is like soft drinks. Maybe not exciting or high tech, but everybody buys the product and it makes steady money. EC<:-}