re GranEx.

March 2, 2002

April Reisinger wrote:

" Onen of the ulcers on the bottom of my foot is healing nicely. The

other is poking along so my doctor gave me Regranex. It's a growth factor

and it costs $525 a tube. The tubes are only 15 grams. "

Crums! April! Another name for the stuff is " gold " , but nevermind, they have got

at least the first letter right. $525 may be bad, but given the latest

Rand/Dollar exchange rate of R11.37 to the dollar but excluding any forward

cover that may be necessary for the transaction of buying one tube of the stuff,

excluding bank charges and customs and exise duty and the profit margin that the

retailer may want, you are looking at a price of round R5969.25 a tube.

What you need to do, is mortgage your house and borrow against all your pension

funds and buy a tube or two of the stuff which you can either resell on the

futures market, or, if you are less of a speculator than that, hang onto it till

the price shoots up, and then you sell it. Chances are that you may find buyers

desperate to buy, not because of the bargain that they can get, but rather out

of necessity. Chances are that your profit margins could exceed your interest

rates that you would have paid on your mortgage. Here in South Africa, a tube of

GranEx would be regarded as a good Rand hedger.

Cheers.

" I will lead the blind by ways they have not known, along unfamiliar paths I

will guide them; I will turn the darkness into light before them and make the

rough places smooth. These are the things I will do; I will not foresake them. "

(Isaiah 42:16)

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