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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (836)	12/22/1997 8:41:00 PM
From: LesX	Read Replies (1) \| Respond to of 1756

Don't worry about it.

To: Don Green who wrote (836)	12/22/1997 10:35:00 PM
From: lorne	Read Replies (1) \| Respond to of 1756

Hello Mr.Green May I ask if you do not beleive in the value of gold, do you then believe in the value of the dollar or in some other value. I find this gold --paper currency thing very confusing, look at what is happening to Asian paper currencies they have lost stability and lost a great deal of value and it looks as though it will spread to the rest of the world currencies. Gold on the other hand has not lost its value in thousands of years. What I find confusing is when the price of gold is set in terms of paper currency, it seems to indicate to me the condition of the paper currency and not the value of gold. If paper currency is not backed by gold or some other asset it has no real value other than the word of some central banker or a politician. Just seems to me that the value of gold has not changed over the years but its price in terms of paper currency has changed often. I also feel that the value of gold provides some independence for the average person whereas paper currencies backed by the good word of central banks provides a kind of dictatorship. I just feel that at some point the dollar and gold must somehow come together. These are some reasons why I think the price of gold in terms of the dollar will come back at some point I also agree with you that it could go much lower but in the end it will come back. So which way to go, paper or gold I gotto go with gold. Good luck Lorne

To: Don Green who wrote (836)	12/22/1997 10:48:00 PM
From: Richnorth	Read Replies (2) \| Respond to of 1756

O.K. can someone tell me why it can't go to $199.in the coming months.... I will give it a try. Wayne Angell (a former Fed Governor) stated in the Wall Street Journal last week that he believed gold would go as low as $250-$260. He thought it was realised (apparently by the powers that be) that gold at ~$250 would impose too much hardship on a good number of African gold producers. Therefore, rightly or wrongly, I am inclined to think that gold is unlikely to go below $250. Of course, this will depend on the priorities of the powers that be. If the powers that be would rather prefer to go all out to help the EMU succeed than to help the impoverished and distressed miners, then gold is likely to visit the $199 level.