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

To: Feline who wrote (8652)12/10/1997 10:34:00 PM
From: alan miller  Read Replies (1) | Respond to of 10482
 
Good question, F. Why hasn't the US sold au--because it's a hedge. The Fed. will start buying gold soon enough and end up selling US dollars back to the foreign markets by way of those sales. Greenspan has, by his own admission, been a long-time believer in the gold standard. When sales (of U.S.dollars)start depends on how squeezed the US economy gets - IMO things are happening more quickly than anyone could have imagined even 36mo. ago so you could see net gold purchases quite soon - If Greenspan wants the price of gold to go up, it'll go up..

am



To: Feline who wrote (8652)12/11/1997 12:38:00 PM
From: CanStocks  Read Replies (3) | Respond to of 10482
 
TO ALL:

I remember hearing from someone on this thread that the Placer Deal was to close on December 10th. Does anyone know if this happened. And recently on another post, some analyst listed BGO as a potential takeover target for 1998. Is this possible in light of the JV with PDG?

Thanks for any responses.


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