Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (36416)	7/4/1999 9:57:00 AM
From: Enigma	Read Replies (1) of 116759

Zeev - I'm not sure that production of gold has to follow industrial growth - a regulating factor is always hoarded gold - which comes out of the woodwork with higher prices. In any event I don't think most are arguing for gold as being part of a gold standard any more - but gold as a store of value for individuals and institutions and as a reserve asset of CBs - IMO some CBs are going to be amongst the bidders at the B of E auctions - we may never know because the purchasing will be through nominees I understand - but the rumour mill may be busy. Overall gold supply is relatively constant - compared to paper and credit, and something constant is worth investing in - for a rainy day. d

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next