Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alex who wrote (33995)	5/16/1999 4:20:00 PM
From: Francis R. Biscan Jr.	Respond to of 116823

>>In its defen= ce, some commentators say that at least the UK sales by auction will be t= ransparent.<< That is not where the transparency is needed, but is just plain foolish. They sure take a lot of people as fools. Have a good day, Rich

To: Alex who wrote (33995)	5/16/1999 4:56:00 PM
From: John Hunt	Respond to of 116823

Dr Doom: gold, Murdoch, Soros << Dr Marc Faber is the Hong Kong-based contrarian also known as Dr Doom. He writes a monthly newsletter called the Gloom, Boom and Doom report for 900 institutions and wealthy private individuals including some of Australia's better known multi-millionaires. Here he talks to Tony Boyd about his latest views. On the gold price Let's assume for one reason or another the psychology in the world changes in favour of an inflationary psychology or for whatever reason people say they want to own gold. With the world's population of 6 billion people, if each person buys one gram of gold each worth about $13 that would be about 6,000 tons of gold when there is an annual supply of 2,500 tons. The swing factor will be dramatic. On gold and central banks I am prepared to bet with anyone in Australia that the central banks, which today are selling gold at less than $US300 an ounce, will go back and buy it at more than $US1,000 a ounce in a few years' time. ... cont'd ... >> afr.com.au