Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Johnston who wrote (119)	11/27/1997 1:13:00 PM
From: Michael Markham	Read Replies (1) \| Respond to of 350

I am concerned about the gold price not just for us but for the larger devaluation of assets. The price of gold has fallen in relation to the devaluation of the Asian currencies and now the international value balance of assets is out of wack. Where will the other 40% revaluation take place? I cant move out of gold now (although it was never more than 30% of my assets) but what might happen is every thing else will fall in value to match the fall in the gold price. If the central banks still have 35 thousand tons thats not a lot for the richest countries! Everyone seems to think wealth is measured in something other than gold. Just some thoughts in this down market at Thanksgiving. Regards