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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (2885)	12/4/1998 10:25:00 AM
From: Dave R. Webb	Read Replies (1) \| Respond to of 4066

Perhaps there really is no need for gold in this new world order. Perhaps interest rate adjustments can deal with all monetary policies. Perhaps we can trust our governments not to print more money than is required to meet industrial growth. Perhaps this low price level will induce companies to expand exploration to find new gold resources. Maybe mining companies are bringing new mines on stream as we speak, to replace the declining resources in the existing mines. Perhaps the low level of profitability will bring more capital to bear in this industry. The price of gold is definitely low. The outlook is poor. People and governments are abandoning it as a store of wealth. It is seen that there is no need to hedge against inflation. Bad time to sell, good time to buy if you believe in cycles. Bad time to own if you believe in a new world order. Bearcatbob, you sound reasonably cynical....what's your call? Dave