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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)