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Sunday, May 26, 2002 12:48:41 PM
As for gold: I made quit a chunck buying $300.00
calls a couple of years ago when it spiked to $330.00.
Is gold technically changing it's position in the
investment world? Bill Gates and Warren Buffet loaded up
on silver in '99'. Looks like a great technology hedge
in retrospect.
As for Romarco, how fast can they produce, what are their actual reserves and at what cost per ounce will this production
cost?
With the middle East in turmoil it may turn out to be a good GAMBLE and I repeat GAMBLE, gold has proven to be quit volitile. Maybe JW has heard things in his political circles
which lead him to believe it is. After all it's not difficult
to see some ME (Middle East) looney setting off a big one sometime in the future. Asia is the largets gold holders and that region is heating up!
It's not a bad hedge provide we can get in the game on the cheap! Simply owning these reserves in the time of gold expansion would "enhance" shareholder value, owning them in decling markets would simply have us owning rocks with little value.
STL
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