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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: Terry Swift who wrote (8581)	11/26/1997 1:53:00 AM
From: CIMA	Respond to of 10482

I agree with you. However, it'll be the more sophisticated investor that makes the ultimate switch to gold - against their own vested interests because they have a major stake in ensuring the present system works. Even then they'll only buy for insurance purposes to calm their nerves. The speculators will note this and take it higher for a brief run. The person in the street in most countries won't participate because he/she will be hanging on to those dollars (acquired through the black market or otherwise) because there's security in holding a piece of the most powerful nation. Gold stocks are usually a leading indicator of an imminent rise in gold. Nothing on the horizon yet...

To: Terry Swift who wrote (8581)	11/26/1997 7:48:00 AM
From: Ken Benes	Read Replies (2) \| Respond to of 10482

Terry: There is an excellent article in the Wall St Journal today indicating that it is far from certain that the Japanese will sell their holdings of bonds. The main reason sited was that they have been Japan's largest successful investment and the relatively high yields provided by the bonds is continuing to be very attractive. A fall in the dollar and a concommittant rise in the gold price may not be a beneficial hoped for event. Should BGO benefit from this scenario, the gains made may not reach old highs, and the coinciding economic impact would render those gains moot. Better the world limits along with the manipulations of the central banks, than an outright collapse of the worlds financial system, that would hurt everyone. Ken

To: Terry Swift who wrote (8581)	12/1/1997 9:21:00 PM
From: Jaakko	Read Replies (1) \| Respond to of 10482

I wonder if it's not Rothschilds rather than the CB's that are holding down the gold price. CB's are secretive but non-conspiratory by nature. A coordinated effort in the same direction of the market would by now have leaked into the open. If the wealth of Rothschilds is even just a fraction of what is implied in the post below, they could control the price of gold SINGlE-HANDEDLY with the help of derivatives!!! I wouldn't be one bit surprised if they are the ones that are snapping up the million-plus-ounce lots of PHYSICAL GOLD in the market!!! And they don't have to make any ANNOUNCEMENTS!!! gold-eagle.com