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

To: Anne Lamb who wrote (30151)	1/23/1998 5:42:00 PM
From: Wildcat	Respond to of 35569

Anne, On our Canadian radio the rise in gold was attributed to the Clinton news. The US buck dropped in value to the Yen for the first time in a long time. The announcer is usually opinionated so take it for what it is worth. Wildcat

To: Anne Lamb who wrote (30151)	1/24/1998 8:22:00 AM
From: go4it	Read Replies (1) \| Respond to of 35569

Gold vs. IPM I have heard others among the threads condemn IPM for performing a reserve calculation without an extraction process. Their line of thinking is good but let me run this one by you. Hypothetical situation : This post is nothing more than the wild rantings of an over active imagination. IPM developes an extraction procedure. Unfortunately for them the cost of this procedure is high. They find the cost of extracting an ounce of gold to be $400 and the cost of extracting an ounce of Pt to be $475. They still don't have a stinking economical extraction process yet. Elsewhere in the world the Asian banking system continues to crumble and in Europe and North America the dim witted politicians are beginning to realize that the public is starting to learn that their money is worth the paper that they printed it on because there are too many pictures of really ugly people on them. The $US dollar is losing it's favor as the currency of choice and starts to decline in value. It doesn't lose it's value in respect to the other currencies because they are in the crapper as well but rather it loses it's value in respect to comodities. After a strong run in metals, a buying frenzy and short squeeze occur causing gold to spike at $650 and Pt at $800. IPM has a reserve calculation and the have a higher cost extraction process. Because they have this they can now perform forward sales of gold and Pt and voila, we have the first of the desert dirts to ever go into large scale production. I repeat !!!!!!! The numbers presented in the above were nothing more than the first numbers that popped into my mind and they offer no basis for making an investment decision.

To: Anne Lamb who wrote (30151)	1/25/1998 4:18:00 PM
From: Bob Staaf	Read Replies (1) \| Respond to of 35569

I think I recall reading that gold did increase in price during Watergate, but few of us paid attention since private ownership of gold (except for jewelry and numismatics) was still illegal. Interest rates soared under J. Carter although they may have peaked after Reagan took office, and then began to decrease shortly thereafter. That is when the stockmarket also began rebounding.