Wouldn't that make the dollar like the lira, and put gold at, say, half a million bucks per oz.?

I am a past subscriber of both. Doug Casey's

letter is chronically late and filled with philosophical

ramblings for lack of anything better to say. Most

of his recomendations are just promotions to

provide a run-up and liquidity for exit on his personal

positions.

Blanchard is a master promotor. Has a huge follwing

in spite of a very marginal track record. Investors

lose money on his recomendations and come

wide eyed back for more. Just look at his affect

on DROOY in September. Must be mass hypnosis.

TVX Carl Hansen Manager, Investor Relations

From TVX University Message 2421 by cbgold Many of you are concerned about the recent article in Bloomberg regarding the potential joint venturing of TVX's Greek assets. This is not a new story. In TVX's October 23 press release we state the changing state of the industry and the magnitude of the anticipated investments to build these projects, may necessitate the participation of third party support.

TVX Gold has to come up with between $65 and $100 million for its portion of the Greek investment. This has nothing to do with the bank financing. Similar to when you purchase a house, the banks require you to put up some of your own cash. This is not financable, regardless of the situation.

It is not necessarily TVX's wish to joint venture these properties, however, market conditions dictate that we consider it as one of the options available. We have looked at every avenue to keep these assets 100% TVX, particularly given the immense exploration potential of the property.

A partner, a senior producer with a strong balance sheet, will help TVX finance the property, reduce TVX's debt exposure, and reduce the amount of cash that TVX must come up with. The participation of a joint venture partner will also go a long way in relieving the worries of a number of investors of making such a substantial investment in Greece. While TVX is comfortable with operating in the country, many, particularly in North America, are unfamiliar with mining in Greece even though it has a significant establish mining industry.

For more information I can be reached at

cbhansen@tvxgold.com

or for those who wish to speak to me directly, TVX has a toll free number in North America:

1-877-tvxgold

RegardsCarl Hansen

Manager, Investor Relations

  http://clubs.yahoo.com/clubs/tvxuniversity/bbs?action=m&board=yahoo.e5.13.110009 09&topicid=21p1&msgid=73mj6j$50l$8@p1.clubs.yahoo.com ########################################### TVX Seeks as Much as US$200 Million for Gold Stakes ( Correct )

Bloomberg News

November 25, 1998, 12:00 p.m. PT

TVX Seeks as Much as US$200 Million for Gold Stakes ( Correct )

Toronto, Nov. 25 ( Bloomberg ) -- TVX Gold Inc. is seeking

US$150 million to US$200 million from the sale of a 50 percent

stake in its two gold mines in Greece, a company spokesman said.

The Canadian gold miner sought a joint-venture partner this

month after calculating it didn't have enough cash to develop

the sites, estimated to yield an average of at least 265,000

ounces of gold annually for 20 years. It currently produces

500,000 ounces a year.

Nine ``senior'' producers are interested in the projects and

several have signed confidentiality agreements to study them in

more detail. The company expects to reach an agreement in three

to six months, said company spokesman Ed Baer. The company is

awaiting a final valuation on the sites.

The Toronto-based company also considers itself a possible

takeover target, Baer said.

``A lot of people in the market think that the current

environment is a good time for consolidation,'' Baer said. ``We

may be a target for one of those consolidations.''

Baer said total construction costs for the mines will be

about US$475 million. European Union grants will cover US$150

million of that sum, and US$250 million would come from bank

financing.

The company currently has US$46 million of cash. It expects

to spend a total of US$7 million on exploration and development

this year and next.

TVX won a Greek government auction for the rights to the

Olympias and Skouries properties in 1995. Baer said Olympias is

expected to start production in the fourth quarter of 2000, and

Skourias in the first quarter of 2001.

HSBC Securities analyst Victor Flores said what makes the

Greek property especially attractive to a potential partner is

that TVX has done most of the groundwork. http://www.news.com/Investor/Quote/0,208,0~3~0~~tvx~~~~~~,00.html

``TVX has sunk a lot of money into feasibility studies on

these mines,'' Flores said. ``If base metal prices come anywhere

near where they've been in the recent past, it makes sense for

people to look.''

Gold touched a 19-year low of $273.85 an ounce in August

amid increasing supply from mining companies and after a string

of sales of reserves by central banks. Prices have since rallied

as much as 10 percent. Gold for December delivery fell 90 cents

to $295.50 an ounce in New York.

TVX stock fell 15 percent on Oct. 15 after an Ontario

provincial court ruled that Alpha Group was entitled to 12

percent of the Greek mines. TVX is appealing the decision.

Stock of TVX fell C$0.04 ( US$0.026 ) to C$3.10 in

midafternoon Toronto trading.

On Oct. 23, TVX President and Chief Operating Officer David

Murray quit and was replaced by Cliff Davis in the COO post. The

decision to seek a partner was made before Murray quit, Baer

said.

--Keith Campbell in London ( 44 171 ) 330 7089 through the Toronto

More News: TVX

http://www.newsday.com/ap/rnmpwh0g.htm

Now -- this is the second major buyout by a German bank. Perhaps this gives a clue where the 'gold' is -- Germany, among a few other places? Not England, anyway. And, probably not the US either, when weighted for GNP.

If the financial disclosures reveal themselves slowly enough, the world economy may squeak by once again.

But -- it sure is worrisome, isn't it? Another big financial shock like the LTCM episode could bring everything crashing down. We can't assume gold will go up - either. A sudden deflationary collapse followed by inflation some time later is more likely. LTCM was the shot across the bow.

We talk about AG being able to prevent deflation by inflating the electronic money supply. If this was so easy, why did LTCM cause so much commotion?

I think these electronic money transactions accelerate the ability of the FEDs to control the money supply, but I suspect that any gain achieved is counterbalanced by a similar tendency to nearly 'instant' deflation.

Keep your powder dry -- or at least most of it.

Donald -- I know you do -- that was directed to others who are more apt to speculate than you.

Seriously, I would like to know what the Nuclear powers are doing not to be y2k ready -- namely that the missles will not to launch by themselves.

After that, I would be interested in knowing how many will work normally.

By the way, I have a good friend who is Navy, stationed in San Diego. He told me that a few years ago some nitwit launched a nuclear missle into the Harbor. Since I think you need at least two individuals to do this -- two keys, I think, turned at the same time - I guess you need two nitwits.

Good thing it didn't go off!

My uncle worked 20 years in one of the National Military defense labs. His favorite phrase went something like -- design your military device so that it will work with the lowest rank possible -- even under water, plugged into the wrong outlet. My only point is not to be negative, just to point out that multiple fail-safes must be built in to prevent accidents. And -- during y2k -- how many failsafes will be disabled?

On second thought, if we are worried about the US military and y2k, what about Russia, where they don't even seem to know what y2k is!

Even better -- they are looking for more employees!

I wonder -- just how many investment banks have been lured by the profit potential of fully automated derivatives investments -- just let someone else figure out the risk! And -- one can just buy the same software packages used by the pros -- such as LTCM.

One thing I have learned the hard way is -- never use anything you don't fully understand. No 'Black Boxes' for me!

http://www.scicomp.com/

If we are going to have computer problems they will have shown up by then. If world economics is going to favor gold, it might show up by then.

If not then I will take a loss, but there should still be some time value left on them, and maybe I will have enough left getting out to play another hand.

I still think it was a good trade, but I am starting to realize that things are just a bit more complicated than I once thought.

I think I will go find out how much it costs to take delivery on futures contracts on beans and rice.

I have been reading 10-k and 10-q reports of companies on the SEC's Edgar system.

this y2k thing, this looks like it might really suck.

stocks in a small gold mining company?

Perhaps I should explain what I am doing here.

I had some discretionary money.

I believed that gold was going to go up, alot.

At the time, options seemed to be the best way to make a profit.

Still, I burned up the first $1000 buying 3 1oz Krugerrands. ( this was a while ago )

I needed a new computer, my wife authorized a purchase price of $1400,

I found one for $400. Computers, options, ham radio, it's all the same budget.

The options seemed speculative and risky, and maybe a bit of fun.

Stocks in a mining company probably would be more prudent, but probably less exciting? There is that gearing or leverage that makes this a really neat game, new to my experiance, a bit expensive, but not so bad.

If I were to close out my options right now, I would lose $240. But if I had bought a $1400 computer, it would have depreciated at least that much. And after a year, which is how long till these options expire, it would have easily lost $1000 value.

I am really just having fun with this stuff. If I ever get serious about investing, I think I will strongly consider stocks in whatever industry I think is going to do well.

By the standards of some of you, I know I am really small time. But as this is my entertainment for the year, I am learning as much about this as possible. It is fun every day to check nymex.com and see what og 12 99 c 390 setteled for. Some of my co-workers spend a tremendous amount of time thinking and reading or watching about football. They know all the important players, all the likely stratagies. They try to predict what will happen. Some of them bet money on the results, and occasionaly make a bit of a profit. This is the energy that I am devoting to learning about gold and options and finance and economics. Occasionally they ask me about football or the lottery or such. I say I don't gamble. In my group of peers, the kind of gambling I do would not be understood. But this game, is so much larger, the field is the entire world, the stakes are incaculable, and the game runs every business day of the year. And in a very small way, I get to participate. It's a better game and the odds of a return are probably at least as good as playing the state lottery.

I know that some of you are in the gold business or that some of you have large percentages of your money involved. I know that to the rest of you this is very serious. I hope that I am still welcome here.

For instance I can believe that there is a relationship between the price of copper and the price of silver, as I understand it these two metals are mined together.

I could even believe a linkage between the price of oil and the price of wheat as oil is needed to make the fertilizers and run the agricultureal equepment.

But I have trouble believing that there is a link between oil and gold. There may be an coincidental relationship, but I don't think you can predict the price of either by watching the price of the other. Even if the chart show a relationship since 1950.

However, I have been at Sharefins site and a place called the privateer and I have been reading the opinions of someone who is apparently well respected and he stresses a very real linkage between the price of oil and the US$, so, it is starting to look like I am wrong due to ignorance of the intracacies of world economics.

Still until I understand these thing better, the oil/gold argument seems to me like so: Every Monday I see a cat. For years and years. Never on any other day, just monday. Today, I saw a cat, does that mean it's monday?

Also, recognize that I want gold to go up, and I see oil going down, I am going to go to some effort to believe that there is no connection.