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

To: Don Green who wrote (25107)	12/30/1998 11:24:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116767

Clap-Clap, Clap-Clap Oh so right you are DON. I thought maybe we lost you to the Gold Bugs camp the other day. Glad to see you are still neutral.

To: Don Green who wrote (25107)	12/30/1998 11:49:00 PM
From: lorne	Respond to of 116767

India. Gold Standard and After, Story written Sept. 98. jul-sep98.business-standard.com

To: Don Green who wrote (25107)	12/31/1998 8:35:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116767

Things are changing? The founding of United States Steel in 1901. The company had total real assets of $682 million. Against this value had been sold: $303 million in bonds, $510 million in preferred stock, and $508 million in common stock. The total amount of assets sold in the company were 2X the size of "real" value in the company. The common stock was backed by only "good will". Total cost to bring public for J.P. Morgan and the underlying promoters was only $150 million.* This might have been a "good" investment, except the technological advancements claimed produced steel rail that more not less expensive. 5 years will tell if the Internet companies will have made all their investors rich, or like the USS deal make only the bankers brokers and boards rich beyond even J.P. Morgan. * Stolen from The Worldly Philosophers p.238 R L Heilbroner