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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: long-gone who wrote (35096)	6/10/1999 9:18:00 AM
From: BGR	Read Replies (1) of 116762

1. Given that gold's industrial usage is low to begin with, and that the price hasn't dropped that much from 70's levels, how much more industrial use do you think is taking place today? Like it or not, gold's primary use remains as a cash equivalent and secondary as a cosmetic metal. 3. Only for the short term though. What about the long term? 4. What if I sell the gold and use the cash instead? I pay 0 interest then. -BGR.

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