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From: | "Soarer2" <soarer2@xtra.co.nz> |
Date: | Tue, 2 Dec 2003 20:18:24 +1300 |
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..... > > -------------------------------------------------------------------------- -- > To remove yourself from this list, please use the form at > http://www.sharechat.co.nz/chat/forum/ > > ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
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