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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: scott who wrote (1016)	6/24/1998 1:29:00 PM
From: bill718	Read Replies (1) \| Respond to of 1706

Only a small number of central banks relative to the total number in existence (over 70 I believe) have been selling in the past couple years. I saw the info on this a while back but I can't recall the exact figures now. The POG issue is an extremely debatable subject, but my own feeling FWIW is that it is only a matter of time now before the Japanese economy tumbles...their banks are 600-800 BILLION dollars in debt, (making Indonesia look good!) and they nearly went down last week. If I am right, I expect the Japanese people will be forced to sell off foreign assets at some stage, plunging economies world-wide (after all, they do own about half the world's cash, and half of that is invested outside the country). As various sectors of the economy and currencies world-wide plunge, inflation and unemployment will soar, and it is conceivable that gold would offer a safer haven for the wealthy than other assets, possibly leading to a tremendous increase in POG. Just my thoughts. Of course everybody has their own opinion, and none of us really know for sure what will happen to POG in the next couple years, but if it does go up enough and RYO can survive till that time, they could do very well in the end sitting on 4-6 M oz. in a stable country like Canada. On another note for anyone reading this, watch ANZ:TSE this week if you like BC properties. ANZ has been waiting since last Nov. to get back in and drill - now several holes are done and results are forthcoming real soon. The area being drilled is close to Kemess, and the last hole of fall/97 assayed 4m of over 100 g/t. The stock is trading around .35 and the company uses Strathcona Minerals extensively to analyze data from their properties.