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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: heraclitus who wrote (6435)	1/7/1999 7:40:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

depends on what you are looking for: ASA is a good diversified, closed-end S. African gold (65%), platinum, and diamond mutual fund w/ a nice dividend (I personally own alot of this). They also own some PDG so it isn't a pure play S. African gold, but Anglogold (AU) and gold fields which are its 2 largest positions are both S. African and the largest goldminers in the world. Obviously I like AU and PDG as well. NEM is a pure play US gold miner that does not hedge (hence swings are wild w/ the POG) GLDFY is what's left of Gold Fields Ltd (a S. Africna gold holding co.) after the gold fields distribution. All that's left now are some smaller more speculative mines. Of course that means your leverage is bigger. GSR is my favorite in the junior miners that sells below book value. I think it is a steal. Their properties are some of the best and their mgt is fairly sharp. To me, buying this stock is like buying a gold option. Should gold make it back up to $400 later this yr. GSR will likely be in the teens because most of their current mines become profitable around $350 POG. so take your pick, if the POG rises, they'll all do well, but buy them cause you want to make an investment that you can hold for L-T capital gains. Don't just chase 'em cause they're movin. If you want to do that, I think you'd have better luck w/ YHOO calls.