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To: JOSEPH RASPANTE who wrote (2445)	10/25/1997 2:23:00 AM
From: Mark Nelson	Read Replies (1) \| Respond to of 116931

For what it's worth, if one were interested in buying the XAU one might take a look at the Rydex Precious Metals Fund (RYPMX). They have funds which serve as mirrors and inverse mirrors to some indexes (S&P 500, XAU, Long Bond & Naz 100). They have "short" (inverse mirror) funds to the S&P 500 and Long Bond. Pretty nifty, eh? All for now, Mark PS: Thanks to everybody for all the great posts.

To: JOSEPH RASPANTE who wrote (2445)	10/25/1997 8:28:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116931

I agree that it appears that the governments are acting in a concerted effort..I find it incredibly amusing that the Swiss are threatening to sell an asset more important to them than their clocks or chocolate..why could anybody want to put their money in swiss banks after this one..also now that a lot of people around the world are wondering about the Swiss's "neutral" position during World World Two and how much they profitted from the war... Also as US bond rates go down and the meltdown in SE Asia will add more deflationary tendencies..the people living on fixed income here and social security are quickly headed for poverty status..no inflation..guess I shouldn't look at what is happening to real estate, food prices,health costs,transportation,theatre(live and movie) tickets,telephone costs,private schools,sneakers but definitely not interest rates and "precious" metals..I am beginning to understand the term "gold bugs"..means we can get squoooooshed(sp)... I guess I understand now that people say gold won't come back until there is inflation...I guess it would be worldwide inflation and there would be no bond or stock market to run to.... (also I don't know what the implications for so many people throwing away so much money on beepers,cellular phones etc it is like descretionary money is being throw at vaporware and does not add to the productivity of the country...just the acceleration ..like rats running on a speeded up conveyor belt in a maze..what am I missing?

To: JOSEPH RASPANTE who wrote (2445)	10/26/1997 8:36:00 PM
From: Andy B. Anderson Jr.	Read Replies (1) \| Respond to of 116931

Joe, You are absolutely right, but this rise may be sooner than you think. This deflationary invironment may get ugly. Gold generally does good in currency upheavels. Asia is having a currency upheavel. Hong Kong may have to float it's currency and rates may go higher. The financial markets of Asia and England have been hit hard and a lot of gold selling has been going on. The announcement by the Swiss is baloney. Do you think they would announce selling? Gold has bottomed & if this hits US markets watch out. Gold will profit. I believe