B4 - Sunday, August 26, 1984 - North Shore News From the water LYNNTERM FACILITIES just west of the Second Nar- rows Bridge provides a good example of the importance of the waterfront to the North Shore’s economy with in- ternational shipping from these docks and a half-dozen others strung across the North Shore. OW THAT attention to gold? It seems a_ possibility because in past months, when interest rates were high, some investors pulled out of gold to get high, guaranteed in- terest rates. One of gold’s weakest features as an invest- ment, of course, is that it pays you no interest. These thoughts lead us to an introductory — far from interest downward, will more investors turn their rates are sifting Many investors are ‘‘turn- ed off?’ by coins because when you buy them you are stuck for the seven per cent sales tax. Paper certificates make many people nervous because some companies haven't had the gold in their vaults to back up the cer- uficates and have gone under — with shocking results for the paper holders. (This is not to say that certificates from aé_ reputable, long- photo submitted hat glittering gold ing up due to fluctuations in the last few days.”’ Ken Yuen of Deak-Perera, agreeing that some have pull- ed out of gold for high in- terest rates recently, feels the coming U.S. election will have an impact on trading and price. A spokesman for Van- couver Coin and Stamp tells us that the average gold sale they make is in the $1,000 to $3,000 range. LEARN INCOME TAX PREPARATION AT HOME Personal, Earn Money As a Tax Consultant Valuable Tax Saving Tips Business, Farm Returns Tax Deductible, Certificate Course 10th Anniversary Offer — Act Now! Free Brochure, No Obligation U&R TAX SCHOOLS 1345 Pembina Hwy. | Winnipeg, Man. R3T 2B6 Allen L. Clapp, Inc., RETIREMENT PLANNING FINANCIAL PLANNING R.R.S..P.’s TERM DEPOSITS ANNUITIES Al’ fine-tuned retirement plan to your special For individual attention and careful consideration, phone Allen Clapp. We listen to you and set your affairs in order, to give you : 4“ : . . §00-1111 W. Georgia St peace of mind as you enter this an ‘‘in depth’’ — discussion established company should I feel Athe pri) ke going Vancouver, B.C. new phase of your life. You will be of gold as an investment. be shunned.) to come down a little now, V6E 3G7 Many, if not most, financial counsellors suggest that you should have a certain, modest proportion of your invest- ment money in gold, primari- ly as a hedge against infla- tion. Some, for example, recommend you keep 10 per cent of your money in the metal that glitters. First, let’s review the price of gold over the years. In 1934 gold was $35 an ounce (all of these prices are in US currency) It was $38 The trouble with wafers and bars is in handling and storing them; and you pro- bably cannot get insurance on them. A few wafers will fit nicely in your safety deposit box at the bank, but bars create a space and weight problem —- and they make awfully large lumps under the mattress $35 Some observations by gold dealers Elizabeth Macdonald of but it may fluctuate,’’ spokesman suggests. the 685-3264 pleased with the special services offered. in 1972, $42 in 1973 This past week about = Gsuardian Trust cautions that acl NTIEY COMPUTING * POMS USING cetncer It charged close to the $200 mid-week — if was in the buyers should check the ~~ firat two years towards mark in 1974.75, and moved = $345 range stamp of the refiner on the university degree up and down fitfully in the wafer or bar They should be completion years following 1975 $$$ “four mines fine’) that ts, ‘ cleat ° But 1980 was a memorable Most folks know, but for 99 99% gold ‘software development * EXTENSION COURSES year for gold It peaked early those who do not you can ‘That's the best quality IN COMPUTING that year in the neighborhood own gold in the form of vou can get that's 24 COMPUTER, .. — a variety of credit-free of $850, fell during the sum wafers, bars, coins of cer carat.) she explains She ‘SYSTEMS Fee short courses. mer to about $450, and rose tificates Wafers (say. tn one notes that sizeable swings of MANAG EMENT eae again in the last half of the year to about $660 Congratulations Teresa Churchill Top Salesperson June ‘84 ounce size) seem to. be most popular form ( Grace Kucher Top Satesperson July ‘64 the hitae hk t A. E.LtePAGEI td Ae ee threes darren e a A 4 et Dea, gold stimulate selling and and “interest ts pick buving TTT y . morn aahwerse: Matiages prleteasecd tao bee boll At Leb aqe vs. repeat ahater Teereneg Vier uot Wyerie 4 re free fiat Progra Pe loowage hres Vib te tng ere ' Poatves vat fh tree Sayer oa youth Ce Ce aad ‘meat the” computing needa of “business. ‘program and 3: evening Eri * SPECIALLY DESIGNED COMPUTER APPLICATIONS -—~ graphic design in media. — dratting, commerciai art, music. biology, math.