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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: average joe who wrote (36420)	7/3/1999 4:44:00 PM
From: Zeev Hed	Read Replies (1) of 116759

average joe, that is exactly why I suggested that tying the world economies to gold is an economic straight jacket. The truth is that the supply of gold is a function of cost of extraction. The oceans contain between .1 to 2 mg/tonne, if gold were to sell for $50,000/ounce (or there about) you could make money extracting it from salt water (and hopefully partially pay for that in selling distilled water <VBG>). Zeev

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