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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (3428)	11/22/1997 7:28:00 PM
From: Albert V	Read Replies (1) \| Respond to of 116816

Lorne, you have made a mistake in that the price of gold is not quoted in Canadian dollars but U.S dollars. If the Cdn dollar was devalued, the price of gold would increase in CDN dollars the same amount it was devalued by. This would be reflected in the value of your fund. By the way, it has occurred to me that a company that has sold a lot of its production forward would not benefit as much from a rise in POG as one that hasn't. Anyone tell me which companies are not selling forward as much?? Albert

To: lorne who wrote (3428)	11/23/1997 2:15:00 PM
From: Mark Bartlett	Respond to of 116816

Lorne, <,Have a question, If I hold gold mutual funds and lets say our currency should collapse and the price of gold rise how would I profit if I am paid in a currency that is no longer of any great value. I think if you open an American account, for example, and buy your stock with American dollars, you can obviate some of that potiential - of course you will get hit with currency exchange rates buying - but if you thought the Canadian dollar was going to go down, and the American up during the course of holding the stock - you could make a few extra bucks playing the currency too. When you sold it, you would get more valuable American dollars. I am not sure if we have a melt down _any currency will be spared some loss in value - it will just be a question of which one (s) will suffer the least .... that's my 2 cents. MB