MacHamish wrote:

> On Sat, 27 Nov 2004 20:55:35 -0700, "John P. Mullen" <jomullen@zianet.com>
> wrote:
> 
> 
>>Jim Stewart wrote:
>>
>>>"MacHamish" <russj41@concentric.net> wrote in message
>>>news:1gahq0995mmq0lii5i9pinllmsq65hpjpn@4ax.com...
>>>
>>>
>>>>On Sun, 28 Nov 2004 00:12:59 +1300, "Adam Whyte-Settlar"
>>>><grawillers@hotmail.com> wrote:
>>>>
>>>>
>>>>
>>>>>My advice - sell US dollars - buy gold.
>>>>
>>>>I'm way ahead of you on that one, old chap.  It's still a good idea, too.
>>>>
>>>>MacHamish M$(D??(Br
>>>
>>>
>>>Timing is everything. Watch the price of oil.
>>>
>>>Jim Stewart
>>>
>>>
>>
>>I don't know, Jim.
>>
>>It's easier to stuff $1000 worth of gold into a safety deposit box than 
>>$1000 worth of oil.
>>
>>:-)
> 
> 
> It's even easier to store gold mining stocks.  Your broker will hold them
> for you.  If you want to own the actual metal but don't want to hassle of
> storage, there is a new security called an Exchange Traded Fund (ETF) which
> entitles the bearer to a tenth of an ounce of gold for each share.  The
> shares are backed by gold held in trust at the Bank of England.  The shares
> can be redeemed for the metal itself, or they can be traded like any other
> stock or fund.
> 
> MacHamish M$(D??(Br

I suppose so, if you trust your banker or broker.

Most of the people I know who hold gold lived through the Great (US) 
Depression and wouldn't trust a bank as far as they could throw it.

BTW, I've seen a good collection of worthless mining stocks.  They are 
pretty common in the US.

John Mullen
Whose step mother lives on a gold mine in Southern NM.