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

To: W.F. Schwertley who wrote (8628)	1/28/1998 6:09:00 AM
From: GOGI	Respond to of 20681

W. F., I literally pray on my knees to God several times per week that a worst case senario does not happen. I don't want that to happen to me and my family or the rest of the world. However, my answer to you is gold stocks now, and eventually, Swiss Franc Annuities, and there are other options depending on which way the crisis developes. Many of the things that the market fears about the Swiss government and gold will never come to pass. To a lessor degree, I'm interested in German Marks ( and what would happen to those marks if the European Monetary Union goes ahead as planned). I am also interested in small positions in New Zealand dollars, and Singaporean dollars, at the right moments, when much of the risk is gone in such speculations. Lastly, if the worst happens, I'll bring all my currency back to the U.S. after the new and improved dollar comes out. The only way the U.S. dollar would survive such a crisis would be to do exactly what Weimar Germany did in 1923--issue lessor amounts of new money for larger amounts of old money. If the worst happens, you can count on it. Finally, you should know that governments usually shoot every one in the foot in such a crisis, even themselves. They usually forbid their citizens from owning assets out of their country or in other currencies. So, you may just have to own worthless dollars and become poor because the government may very well prevent trillions of dollars from investing in the U.S. to save us and reliquify the economy by preventing the capital from ever leaving; in other words, it will all become virtually worthless. That will make the crisis MUCH worse than it has to be. However, I'm a guarded optimist who believes that everything will work out. But I do believe in looking at a worst case senario before deciding the next step. It's a matter of risk management. I don't know anything about the credentials of the South African or his capabilities. I'm willing to trust Naxos' management in the matter since I own only 15,000 shares of DDs in total: Naxos, Maxam, and L.S. Capital. It's not enough risk to get excited about. GOGI