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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (49663)	3/3/1999 11:16:00 PM
From: Knighty Tin	Respond to of 132070

Mike, I vote for that. MB

To: Mike M2 who wrote (49663)	3/4/1999 7:13:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 132070

But notice the reply: exchange2000.com I own gold and gold stocks (ABX, PDG), but even a doubling of gold prices (which I would welcome) would not make it all that good a long-term value. A savings account would double in fourteen years, and if gold doubled in two years it might well stay there or even decline over the next twelve. The practical uses of gold are somewhat limited and the heap-leaching techniques and powerful machinery to get the rock out make it no more than a producable commodity. A doubling in price would permit hugeinvestments in additional mines and equipment, making its rise self-limiting. As soon as (and if ever)I have a 50% profit on my precious metals holdings, I will be out of them forever.