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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: freeus who wrote (512)5/24/2002 4:17:57 PM
From: Traveling Man  Read Replies (2) of 587
 
Freeus,

Increased production of gold will happen slowly even if gold exploded in price. What would happen would be people would start selling gold jewelry if gold did like say 1980.

It takes quite some time under today's technology to prove up, then produce a gold resource. It's weird,central banks have sold off tons of gold the last 10 years when it wasn't worth much,I wonder if they might dump massive amounts out here if gold achieves $400?

TM
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