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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (15570)	8/4/2003 1:45:56 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 39344

vt - there are other plays than risking Black Empowerment or Royalties bills. Industry needs more NG than gold bugs need gold. <ng> I am going to sell all my gold related shares by mid to end August. Keeping my speculation on silver, and silver/copper. One of the reasons I am leaving gold is that gold, IMVHO, never will be an exchange medium (ebven with gold Dinars). IMHO, the next financial system will be a sustem based on the capacity of a borrower (or CB) to service the debt, without even thinking of paying the principal back. So, for me, gold is now purely an inventory/supply/demand play. Too prone to manipulation, hence my pullback to the poor's gold (which has some other interesting industrial applications coming). I like HL. <g>