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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: David R. Schaller who wrote (8662)	2/14/1998 10:20:00 AM
From: Phil Jones	Read Replies (1) \| Respond to of 14627

Two paragraphs from Douglas Goold's article "The magnificent world of Peter Munk", in today's Globe & Mail (sorry I can't upload the whole thing): Mr. Munk said he would be an idiot to try to guess where the gold price would be by the end of the year. "Could we have guessed that silver, universally described as the most unwanted commodity produced by mankind, would be doubling in price when every other commodity, from nickel, copper, aluminum and gold, has dropped by a third?" (Munk said) Silver, of course, has made a comeback because of a massive purchase by superinvestor Warren Buffett. It turns out that Barrick has the largest proven reserves of silver in the world. "We were ashamed of it until yesterday," Mr. Munk quipped. "It's amazing how Mr. Buffett can change your feeling of embarrassment into a feeling of pride."