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Re: Re: [sharechat]US Market

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Sat, 21 Jul 2001 15:44:59 +1200

Geoff,

You mentioned that you had leased out your farm in connection with the coming ' disaster '.

Yes, things are tough alright, I read that 2/5 of the GDP of a number of Asian countries normally consists of I T exports and the US did take the bulk of that!

And that trade has severely slowed down.

However, I don't think that you are the only one leasing out a farm.

I suppose you know that in a severe depression, farm prices tend to hit bottom. So, why not sell the farm now?

Apart from Niugini, most Aus. companies are still strongly hedged ( they made a virtue of it ), so I suppose you would have bought US gold stocks?

Gerry

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