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Gold/Mining/Energy : GOLD: WHAT IF IT IS NOW JUST A COMMODITY? -- Ignore unavailable to you. Want to Upgrade?

To: MUDMAN who wrote (9)	11/11/1997 11:36:00 AM
From: Gunnar	Read Replies (1) \| Respond to of 22

The general image of gold as a last resort is a question of the value of risk. One of the variables is the stability of government. If the state were totally stable and further more could foresee all the threats to the currency, there were no kind of problem as that of gold as a last resort. In Europe we have to consider the German Mark and the deficits, as a measurement of that. If my country, Sweden, will manage to stay outside the new currency, will the market be satisfied with a 3-4 yr. period of budget balance? What would happen to the long interest rate if the Swedish government stated that they were about to sell the gold. Let me sell my bonds first, please. This is of course an interesting question. There seems to be a pressure on gold price these days. The demand for gold seems to be stronger in Asia than in The Western hemisphere. A to short memory in an prosperous US economy? Regards Marten

To: MUDMAN who wrote (9)	11/12/1997 11:03:00 AM
From: Gunnar	Read Replies (1) \| Respond to of 22

There has been a long period of low interest rates, and some people wonder if that has something to do with IT lowering the costs and speeding up the transformation of the labour. Probably there are some dull combination with other variables of the more common kind. Eight years of this development have made even this discussion about gold possible. Is that in it self a sign of an imminent turn? If we get further more real speculation about man shaking hand with God in heaven some people wont believe in that. Then we will see how much the over price of gold will be. Of course every one will motivate there actions by "Short term" - "Long term". When the turn comes it has the habit of being quick. Unfortunately. Maybe I am a little bit naive but the existence of this discussion made me buy some more gold stocks (SCQ, owning 38% of NAN the biggest exploration company in Sweden) the other day. Regards Marten