Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site pyuxhh.UUCP Path: utzoo!linus!decvax!genrad!grkermit!masscomp!clyde!floyd!harpo!ihnp4!houxm!mhuxl!mhuxm!pyuxww!pyuxhh!/hh1/pst2/bin/user From: /hh1/pst2/bin/user@pyuxhh.UUCP Newsgroups: net.invest,net.flame Subject: Re: Gold Purchase Message-ID: <641@pyuxhh.UUCP> Date: Tue, 31-Jan-84 09:59:54 EST Article-I.D.: pyuxhh.641 Posted: Tue Jan 31 09:59:54 1984 Date-Received: Sun, 5-Feb-84 03:56:15 EST References: <477@ihuxe.UUCP>, <5900002@hp-pcd.UUCP> Organization: Central Services Org., Piscataway N.J. Lines: 59 ^--> -->From: hplabs!hp-pcd!bruce --> -->The gold market is a facinating thing to watch. I haven't invested -->in it, but might consider it someday. I personally wouldn't buy -->Kruggerands when there are so many other socially acceptable ways -->to obtain gold. The South African government benefits directly -->everytime someone buys Kruggerands. This is the same government -->which is responsible for the oppression of non-whites. This government -->has made no real effort to improve the situation. I personally do not -->want to make money by cooperating with that government. Let your -->consious be your guide. --> --> Bruce, I think you are going to have some problems if you are going to try and follow your ideaoligies according to my sources of gold production viz Country % of world production ======= ===================== South Africa 62 % USSR 8 % Canada 6.8 % USA 3.7 % Australia 1.9 % No other country produces more than 1% of world production. Now if you're not going to buy Krugerrands I presume you would not wish to buy any gold produced by South Africa as this would also be supporting their government.Surely you wouldn't buy Soviet gold(if they would let you) after all the bad things they've done. So your choices are down to Canada(can you trust a bi-lingual society :-) ),USA(what after the indian massacres and suppression of blacks for 100 years after a war that was fought to end slavery :-) ),lastly Australia (well we all know their anti-wombat and anti-aborigine feelings). So much for gold now how about everyday life ? Do you drive to work ? If so you're probably helping to support Arab countries where women are deemed to be second class citizens. Etc.,etc.,etc.,......... No seriously,I doubt that much of the gold produced by the US and Australia ever gets onto the open market ,due to national & strategic needs.So Canadian is about the only option you have if you're going to follow your idealogical tendancies,with Mexican gold a possibility but there you have to decide weither Mexico is a democracy or a thinly disguised dictatorship(which I do not intend to voice an opinion here). Apologies to anyone deeming this not relevent to net.invest Dave Peak(pyuxhh!dxp)