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


To: Chas. who wrote (17056)8/31/1998 5:25:00 PM
From: scotty  Respond to of 116877
 
BGEIX is a global gold mutual fund investing in large cap miners....Can be found at American Century website....Dirt cheap now.



To: Chas. who wrote (17056)8/31/1998 6:11:00 PM
From: C Hudson  Respond to of 116877
 
Chuck, This thread generally doesn't recommend any gold stocks but I did just make a post that mentioned two juniors I own. You might want to consider getting some physical gold. All paper can burn, but Physical Gold will always have value. I do have some gold stocks, and am partial to the South African Golds as they are already making money with the Rand fall. See the thread on South African Golds.....



To: Chas. who wrote (17056)8/31/1998 8:05:00 PM
From: long-gone  Read Replies (1) | Respond to of 116877
 
Chuck,
While I'm no "gold expert", and do not suggest what to buy, you are welcome to look ay my holdings.
techstocks.com
richard
Good luck



To: Chas. who wrote (17056)8/31/1998 8:23:00 PM
From: rainman  Read Replies (1) | Respond to of 116877
 
Chuck-

I am no gold expert by any means. I do have some recent info however, from a junior I have been follwing. Info that is being forwarded to shareholders which I requested to be faxd to me. Here is the profile:

1)Chairman of the board of directors is Dale Hendrick. Mr. Hendrick exposed the BreX mine in Indonesia (believed to be worth billions) as a fraud.

2)Drilling results on 1% (1000ft x 300ft to a depth of 300ft) of the property reveal 18,500 ounces of gold. The COs total property is 10,000ft x 5,000ft. It is likely that gold exits at the same recoverable percentage to a depth of 2400ft which potentially means approx.15 million oz of gold. Property is in Nevada near Homestake (Carlin Trend).

3) The cost to mine gold here is probably one of the least expensive places to mine gold at $200 an ounce. Homestake recently announced that it is mining gold at $129 an ounce.

4)Majors are prepared to pay $30 to $100 an oz for proven reserves,therefore, at the lowest looking at $450million.

5)Ther are on 11 million outstanding shares.

I have know idea how it will play out. You need to do your own DD. Send me a private message and I will let you know the company I have been following to try to keep in the spirit of this thread and not posting companies.



To: Chas. who wrote (17056)8/31/1998 10:07:00 PM
From: Achilles  Respond to of 116877
 
If you want to invest in gold mines, then a precious metals fund like those suggested are the way to go. If you want to invest in gold, you might want to consider Central Fund Canada (CEF on the Toronto exchange). It holds gold bullion, but trades as a stock. Its price rises and falls with the price of gold. (I think it also holds silver, but the ratio between the two is unknown to me.)