Forum Archive Index - December 2003

["Soarer2" <soarer2@xtra.co.nz>]

so what have you been buying this year Hugh ?  RBD perhaps ?



----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, December 02, 2003 7:35 PM
Subject: Re: Re: [sharechat] CONGRATS


> Agree wholeheartedly with Snoopy on this.
> I recall reading an article a few years ago in the Economist
> that something like 40% of South African gold mines would
> have to close if gold went under $US400 an ounce.
>
> Of course it did, well under, and SA devalued the rand to hell and back
> and brought in even cheaper immigrant labourers from Mozambique
> etc. in order to keep its gold mining sector going.
>
> The Black Tulip was a great book - there's a new version coming
> out called The Gold Tulip aka the South Sea Bubble.
>
> Incidentally I'm reading "The Reminiscences of a Stock Operator"
> by Edwin LaFevre recommended by Andrew Robinson as an old
> classic in the Sunday Star Times a few weeks ago. Damned hard
> to get hold of - some ratbag has pinched the Canty Public Library
> one (Snoopy?) and they had to send off to Waikato Uni.
> Very readable, altho absolutely no appreciation of what makes stocks
> move in the medium to long term. He states early on that there's
> nothing new under the sun and his references to the no tax situation
> brings to mind the tax free gold nibbling in Australia referred to.
>
> Nothing new under the sun - you can be sure that the next generation
> of gold buffs will be enthusiastically puffing gold in 20 years time
> completely oblivious of any lessons to be learned from the Great Gold
Crash
> of 2004.....
>
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