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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (16302)	11/26/2002 4:31:21 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81205

ild, I agree and I disagree. I do agree that the long-term future, particularly for white people who live in SA, is very problematic but I strongly disagree that owning a few mining investments there now presents a particular risk. Of course, the argument is not new. In fact, ever since I have been on the internet forums (about 8 years) some bright spark always tells us that SA is about to demise and, because of that, the gold price is going to soar and that people should sell their SA investments. However, in the past few years exactly the opposite has happened and,in the main, SA golds (Anglogold, Goldfields and Harmony) have all done particularly well. In fact, all three now have listings on the NYSE. For what it's worth, the SA economy is doing well at the moment (by SA standards, of course). The rand has appreciated against the USD in recent months more than any other currency in the world. I might say that has been a real blow to those, like myself, who invest particularly in rand-hedge shares. Nevertheless, Zimbabwe is still there and looking worse than ever. The AIDS epidemic in SA is rampant and so is unemployment and poverty. Local businesses are being milked by every form of direct and indirect tax and, in case you might have been looking for a job, don't come here unless you are black. I trust that answers your question.