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

To: Ronald P. Margraf Sr. who wrote (4372)	12/17/1997 12:59:00 AM
From: Eric Freeman	Read Replies (2) \| Respond to of 116753

I remember buying gold at $60 an ounce - they stopped me for an interview in front of the Bank Of Nova Scotia. The question then, do you think gold can go higher? I said no, that is why I am buying it now, because I think it will go lower. The point, back then people could not believe that gold price could rise substantially. They did not understand the whole psychology and reality of a loss of faith in paper. When it happens, in China, India or even here, these same people will be lined up at the sales window telling us why they are buying at many multiples of the price - usually at the very top. Seen it,lived it, bought it, sold it - and it smells the same right now. I love it. Never thought I would get to do that same thing twice in my life. Eric Freeman

To: Ronald P. Margraf Sr. who wrote (4372)	12/17/1997 2:14:00 AM
From: PaulM	Read Replies (2) \| Respond to of 116753

Ronald, the Japanese certainly have plenty of dollars to sell, if they wish do so. By the way, the usefulness of gold as a medium of exchange usually becomes most apparent by contrasting it with the alternatives. Regarding diamonds, a 1 carat one can be worth $1 or $100000 depending on clarity and the number of inclusions. Gold is Gold, whether scathed or uncirculated. Besides, the CB's aren't trading in gold for diamonds or palladium, but rather paper. I think it's a foregone conclusion which will ultimately prevail.