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

To: Michael Markham who wrote (11549)	5/12/1998 11:31:00 AM
From: Enigma	Respond to of 116836

My view is that a good gold stock, especially Barrick, is a better 'hold' than gold itself. Barrick is able to produce gold at low cost, and its objective is to keep lowering its cost of production. In addition it has massive projects in the pipeline, and is likely to find much more gold where it also has mines and new deposits. So its reserves are likely to grow each year over the forseeable future. We could be entering an era of relatively stable POG therefore gold stocks which represent growth potential in terms of profits may be the best exposure.IMO. If gold goes up it would be an added bonus. On the other hand, there are some promising juniors, with good cash positions sitting on potentially very large deposits which the market has not yet recognised. Protocol prevents me from mentioning one which I particularly favour - but if you look at my postings................! (Funded by ABX too)

To: Michael Markham who wrote (11549)	5/12/1998 2:19:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116836

I can not say what you should do. I like to hold enough gold & silver on hand to "buy my way across the border". There are many good funds, George Soros is thought, by many, to be on the list of the smartest gold/ currency types. There are some sites & books that would let one follow his lead. I understand he has been handed his head, though. No one wins the all. I can't(and would not guess) as who is the smartest or runs the best fund. I don't own a fund. I have heard a great many very good things about a great many. I just don't like the costs. I prefer to use a real broker and sometimes even hold my own shares. I pick my own companies (some from the XAU - some not). Gold companies are so cheap now, one can take their pick of the best for only cents on the dollar to what I believe they will be worth. Many have rather good % returns vs the rest of the market. A great many very good companies can be bought direct from the company thus beating out the brokerage from their fee. Do your legwork, If you need a list of possible names, one could look at the list held by any of the regular posters. There you could get the best & worst names from around the world. rh