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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?

To: taxgun who wrote (15990)	4/23/1999 2:08:00 AM
From: David in Ontario	Respond to of 22810

Joe - Australia has also quietly sold some of its gold reserves and they are a big Au producer. I recall other countries also doing/considering the same (from memory). With inflation appearing to be under control I cannot see Au as being a good hedge anymore - if so - then as you say Au will remain weak for the foreseeable future. Who knows - one day I may be able to throw some bars into the trunk of my car to provide extra weight and traction for the rear tires on my car during the winter! :)) However, Au does have a lot of very good properties which adds to its value - but it is somewhat scarce. Nonetheless - a set of wires for a Porsche (with an Au core) sets you back $800 or so - which is almost criminal!!! David.