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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (9736)	4/10/1998 9:59:00 PM
From: philv	Respond to of 116764

Jim: Gold as a commodity. You recently posted: RE:" I think the xau may be the easiest index to t/a because it is based on a commodity." Gold is not a commodity, never was, not now and unless I am mistaken, never will be. It is different....it is hoarded, mined, but not consumed. What other "commodity" is like that? If gold were to be a mere commodity, with no monetary value, its value would be near worthless. I know you are aware of this, but in reference to the XAU and T/A, there must be a difference when compared to say pork bellies. Phil