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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Hack who wrote (3422)	1/14/1998 11:45:00 AM
From: Valuepro	Respond to of 7966

Bob, <The POG was arbitrarily set higher by the President. Without that "stroke of the pen", IMO the price of shares would have been very much lower.> Thanks, but wasn't that action merely an official recognition of the deflationary environment? In other words, wasn't the dollar devalued in relationship to gold because it couldn't be devalued against other deflating currencies? The current devaluations of certain Asian curriencies is resulting in "profits" to holders of gold, or at least maintenance of purchasing power. If the contagion becomes global (i.e. international rounds of currency devaluations), wouldn't history repeat itself in the U.S. with the dollar being devalued against the POG, and will this have the same effect on diamonds as a store of value? ValuePro