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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Ray Hughes who wrote (1095)	5/8/1998 8:17:00 AM
From: ForYourEyesOnly	Read Replies (2) \| Respond to of 8010

<<Mining Stocks & the Y2K Crash>> Thanks for your input. I would like to keep the discussion going a little longer if possible. 1. Possible Nature of Y2K Crash The Y2K problem does not have to mean that all computer systems will stop for an extended period of time. If 5% (or some other random number) of the world's computers stop working for a week or a month, just the negative synergies alone will cause a major economic slowdown. This slowdown would seem to easily be big enough to crash the DOW. However, this does not mean that on a micro level all companies will completely cease to function. If 5, 10 or 15% of Durban Deep's computer systems shut down for a day or a week, will that really cause enough of a downturn in production to offset the increase in profits were we to see gold at $500 or $1000? 2. Value of Gold/Silver/Pt if Dow Crashes from Y2K Do you agree with the concept that it is likely people will push up the price of precious metals in a dash for security when it is realized that Y2K will cause a major economic downturn & that stocks may not be a safe place to have money over the next few years? If we see this rush to gold, is it not likely that the mining stocks will also follow upward as the rest of the market tanks? Even if Y2K causes some temporary disruptions in production, is this not secondary to the asset value of the underground gold reserves held by the mining cos....& the perceived value of precious metals in a time of exceptional uncertainty? More comments please.......... THC