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

To: Zardoz who wrote (34821)	6/2/1999 10:52:00 PM
From: Don Green	Read Replies (1) \| Respond to of 116770

Any guesses how low Gold will need to go to bankrupt Canada, Australia, S. Africa??? regards Don

To: Zardoz who wrote (34821)	6/3/1999 7:26:00 AM
From: Mark Bartlett	Respond to of 116770

Hutch, <<Even golds' position as a currency hedge can be undermined, as better forms of currency hedging take place.>> Paper hedges are too young to really know how the public will use them in real times of stress .... they are little more than paper crutches and braces ...... gold has proven itself, and IMO it will again. Paper hedges are just that, paper that promises to represent value ... what happens when the paper obligations can not be met .... history has given us that answer too. Best to all, MB