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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: go4it who wrote (29290)12/16/1997 1:21:00 PM
From: Robert J Mullenbach  Respond to of 35569
 
biz.yahoo.com This is far from over, I never sold , still in for the long term, I sure dont know all the answers, I am keeping a open mind to this investment.
IPMCF owns 13.5 % of outstanding stock



To: go4it who wrote (29290)12/16/1997 1:57:00 PM
From: Ed Devlin  Read Replies (1) | Respond to of 35569
 
Chuck,

I agree with you on the Pt situation and that Au is a prisoner. I certainly agree that the future of the dirts will be massive production and downward price pressure. My concern with platinum is just for that reason: it's the PGMs which will make the DDs, not gold alone. If the Pt price is to be stable and economic, it will depend on industrial commodity concerns. My feeling is that when the price comes down, there will be a strong growth in long-term industrial applications of PGMs AND of Au as well.

Both Pt and Au have wonderful properties. I would certainly welcome prices of both being dependent on "real world" utilization rather than manipulable "store-of-value" in the clutches of mega-movers and Central Banks. Fabulous pin connectors make better sense to me than ECU maneuvers. Am I taking too short a view??

Best,

Ed