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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: Jim who wrote (8159)	1/15/1998 9:59:00 AM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 20681

Jim, I haven't read the article, is it pro gold or con? I'll try and dig it up. My own thoughts on the future of gold is that long term we will see continued demonitization of gold and it will become more of an industrial and decorative metal, basically just one of many commodities. My short term view is that I am a contrarian my nature, or as a certain female puts it "a pain in the ass who just loves to disagree with people", and I ALWAYS believe that financial obituaries are premature. So when the "death of gold" starts making headlines in the mainstream financial press the move is probably close to over. I am similarly skeptical about Asia sparking a global deflation, to many people focused on the problem and it won't take a lot of arm twisting to get most politicians to adopt some reflationary policies. Europe is also going to see changes in that direction over the next year or two. So I believe announcements of golds demise are premature and we will see a modest uptick in inflation over the next two years which will help stabilize gold. But I don't beleive gold will return to a preeminent position. Henry