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To: JHP who wrote (195624)10/6/2002 10:04:29 AM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
John, gold share have appreciated substantially since 1999. Foreigners should have US brokerage accounts and buy gold shares to cover their bases -exposure to the gold market denominated in US $ . mike



To: JHP who wrote (195624)10/6/2002 10:55:44 AM
From: yard_man  Read Replies (2) | Respond to of 436258
 
>>so far their has been NO pproblem<<

I acknowledged the same in my post to you -- did you read it? I am not saying I know where gold is going with respect to the USD -- I'm simply saying your EXTREME confidence that the USD will retain its purchasing power for folks holding abroad is no less a "leap of faith."

There is one difference between our guesses about where things are going in the future:

Yours assumes a steady state; mine does not ...

Good luck JHP. I'm certainly not crying for having put money in goldshares or foreign bonds ...



To: JHP who wrote (195624)10/6/2002 11:16:00 AM
From: Bid Buster  Read Replies (3) | Respond to of 436258
 
Times are a changing..12 month returns (approx)
USD down 9.5%
gold up 11.5%



To: JHP who wrote (195624)10/6/2002 1:12:54 PM
From: Earlie  Read Replies (2) | Respond to of 436258
 
JHP:

Unless my memory fails me, have not most gold stocks appreciated by about 100% over the last year or so,..... against the buck? Now if an offshore investor had held gold stocks over that period instead of the buck would not his buying power be up an equivalent amount as opposed to his neighbour who held an equivalent amount of dollars?

Best, Earlie