Re: Persective
in response to
by
posted on
Mar 16, 2008 09:25PM
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Blacky, I was trying to get a handle on how others are reacting, too. I saw this coming, and have done what I can with my money. No one seems to know for sure what the worst case scenario is. I was reading in the Financial Post about a British billionaire who bought into a $1 billion Bear Stearns position back in August and lost about $750,000,000 lately (if the shares are sold at $2.00). Makes me feel a bit better about my choices.
In the end the thing to fear is fear itself. Tyhee has a bit of money in the bank to ride this out. And with gold above $1000.00, heading for $2000.00, someone will finance a new gold mine.
Tyhee is in the right industry at the right time, and probably in the right country. It's not as good of a hedge as a producer, but it's still not bad.
MR