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


To: IngotWeTrust who wrote (28998)2/25/1999 2:32:00 PM
From: Philip S. LaMar Jr., J.D.  Read Replies (1) | Respond to of 116790
 
Dear Old 49er:

I apologize if my original answer was not as complete as you had hoped. I will try to be more thorough:

1-- Yes we do hold physical gold and gold equities for clients.

2-- Yes, we primarily purchase gold equities, however there is a percentage who want physical gold as well, generally in the form of coins.

3-- Approximately 50% are junior mining and exploration companies and 50% are into big cap mining companies like BRK, RTZ and FCX.

These are approximate figures.

(Interesting Side Note: We have a small constituency of Doug Casey loyalists who are standing by gold with full faith that it will one day reach $2000/oz.)