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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Gord Bolton who wrote (2839)	2/19/1999 11:50:00 AM
From: Elizabeth Andrews	Read Replies (4) \| Respond to of 3282

This is interesting but there's no shortage of gold. There may be a distribution problem as exists with crude oil, but it's not a short supply. Demand is going to have to move a long way to clear the above ground reserves. It will take a world currency inflation of unimaginable proportion to really have an effect. Not saying gold won't go up a bit but the case for $1000 ounce gold in US$ is difficult to accept, in my view. How many US$ have you exchanged for gold lately? Ask around, nobody in the G7 countries is doing that as it's not a rational thing to do at this time. Until your neighbors believe that they would rather have gold than their currency (we have the luxury of the choice) it ain't going very far in US$. Maybe further in Canada but that's a slightly different issue. By the way, me and the girls have been discussing this North American currency thing and we kind of like the Canadian money idea. Just think, Mexico, Canada and the USA with one currency. We have proposed to congress that the bill have an animal on it like the Loonie idea. We've recommended a picture of Clinton.