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Pastimes : Generation Xers--saving and investing strategy -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (38)	12/11/1997 8:44:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 100

Transferred some cash into Fidelity Select Precious Metals today. Once in my life I have to act on an idea that comes from James Grant's comments. Smart guy, just not often right...but he will be someday...and I have missed a lot of his bad picks (he recommended Korea earlier in the year saying something like since it was down 50% etc...oh well). Well anyway, while he did not mention buying a fund, he did state that you have to recognize the cheap price of gold (not quite his words...he speaks very fast and it is impossible to remember exactly what he says...just the flavour). He might like the metal more than the stocks...but this seems like a good way to play things--down over 50% this year, the fund looks like it has better prospects than fidsel american gold--prec metal should react better to a recovery in the price of not only gold...but the other metals too. Anyway read the prospectus blah blah blah and wish me luck!