Page 22, March 28,1979: NotthShoreNews ||

Bost Hoegg.

>< John: ‘Hoegg,. president of “Grouse: + Moantain__ ‘Resorts ‘Limited, . has.

-Vancouver Convention and _Visitors Bureau with the ‘award’. of the -Harold = J. Merilees Memorial “Award of the Year” for 1978.

The award, given to ‘the

“person or persons who has ~

made an outstanding con- tribution to the awareness of

Have You. Heard The

- Gossip?

Find out at the

Arts Gub Theatre

been.

recognized by the ‘Greater |

‘the Greater Vancouver area to the world” was presented by Vice-President Bill

-Leithead’ at the. Bureau's

recent 76th Annual Meeting, held at the Hyatt Regency Hotel in in Vancouver.

Vice-President - Bill Leithead said, “John Hoegg was chosen to receive this coveted award in recognition of the worldwide attention brought to Van- couver during his presidency of the young Presidents’ Organization and the development — of

Grouse Mountain as a winter sports

centre and year-round

tourist attraction for the |

enjoyment of visitors from all over the world”.

“Craving for stability

‘This exchange took ‘place’

between me and a friend who

‘is an’ investment ‘dealer,

which means he sells things that accidentally make money. —sometimes even for: the customers.

**Where’s gold | gonna go? |

he 2 asked,

“That depends on "the news,’’ I said. ‘‘This month, if the U.S. balance .of

payments is bad, gold will go

up. And since. Iran will effect

that, I think the payments Situation will be bad.”’

“Uh: huh,” he said, ‘‘And what about another stockpile sale?”’

off..”’

“In that case, all’ bets are

“I got news for you, kid,”’

he said. *“They always are.’”

. Exactly.

I have used this quotation

before, but it bears:

ing. It is from William Sydney Porter, a.k.a., O. Henry: “‘There are two times

when you can never tell what ,

is going to happen. One is when a man takes his first drink; and the other is when a woman takes her latest.”’

That gentle grafter might have isicluded a third: When you invest. Since his time was fat more gentle than this

To Own A Share Of

Br

itish

Columbia!

Midland Doherty has prepared research

information and has experts to assist you.

Phone

Call or drop in to our office.

688-2 lil

Bentall #3, 595 Burrard St., Vancouver, B.C.

Investment advisors to over 100,000 Canadians

one; however, forgiveness is

_ The future price of gold is ‘almost as -fascinating as two objects belonging to a certain - Chesty Morgan, a. guest in

_ our town, who has yet to tie

her first pair of shoes. You

- would not believe (maybe .

you would) the number of people who are interested i in it. -

\

I mean the gold.

All of this underlines the notion there is a modern gold rush going on, this time without mule trains, sour- dough bread and Dawson Creek. The hardships are still there, though, but they are written in red ink and not human sweat.

‘Gold’s story has been told :and retold. This hash needs no rehashing here. The interesting wrinkle is tnat after decades of neglect it has suddenly become a most popular metal. This is largely because on the night of Aug. 15, 1971, one Richard M. Nixon announced that for the first time since the depths of the depression, Americans would be allowed to legally own gold.

After that something or other hit the fan.

The aftermath, eight years down the road, is that the price of gold is somewhere up there inthe stratosphere, noi bad for an item that cost only 35 U.S. dollars an ounce mere moons ago. 'Name one other investment that fas gained so much in the same time frame.

Right. You can't. For the simple expedient that there isn’t one.

The point is that there has been a move toward hoarding

‘the Siuff in Canada (ditto for

the U.S.), quite possibly the résult. of a sort of national nervousness. Europeans and » Asians, who in past. have had a great deal to be nervous about, ave done this. for. years. In those areas. the most common repository for gold has been obvious-—the mattress.

' And while the same thing hasn’t happened here, this corner senses that ordinary Canadians are tucking some gold away for a rainy day. Most of us buy it in the form of jewellery, which is dumb. (You have to re-fine jewellery in order to get the gold out, and that costs.) .

The best way to buy gold i is in bar or water form: Coins are cool, but they come at a premium. Gold — futures? Don’t make me — laugh. Getting into the commodities market, for the novice, is like bleeding in front of a shark, or maybe a cabinet minister.

It says here gold has become popular for two

ed: Its rise’ in price and that — national nervousness. In tandem, they produce a craving for something.

reasonably stable. And next

to owning your own home, owning gold is probably the most stable investment you could make, in the sense that there will always be a market for it.

Meantime interest in gold will undoubtedly continue, especially if the price in the next few months wends higher. Some say gold will hit $400 per ounce. Personal- ly, as with virgin birth, airplanes and Liberal policy . promises, we have our doubts.

In this case, however, seeing will be believing.

Quite unlike Miss Morgan.

(c] Toronto: San Syndicate

A Food

Business Opportunity

A long and well established Pizza business in North Vancouver is looking for an owner-operator to run this business on a franchise partnership arrangement. This is a profitable business but interests in other areas require that | seek a dedicated operator to run this

location.

Interested parties must have a good credit rating and good standing in the community and should have at

least $30,000 cash to invest.

Reply to Box 412

and include a resume of your ‘personal and finan-

cial background

Robert C. Darnell

Darnorth Enterprises Ltd. 2 858 Esquimalt Rd.,

Victoria, B.C.

V9A 3M4.