Mongolia Gold Resources Message Board

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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.49

+0.2%

12:13 PM EST

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To: d:oug who wrote (3707)	7/5/1999 11:12:00 AM
From: Dave R. Webb	Read Replies (2) of 4066

Looks like another 96,000 ounces of annual production are in doubt. Williams Resources has placed its Swedish Mine, reported as the largest gold mine in Europe, in to receivership. I suppose with all of this gold production going off line, the price of gold will inevitably fall a bit further. It's kind of like that comment on pricing that where the shopper complained to the storekeeper that his apples were too expensive. The shopper told the storekeeper that apples in the store across the street were half his price. When the storekeeper asked why the shopper didn't buy apples there, the reply was that they didn't have any remaining. The storekeeper responded that when he ran out of apples, he too would mark the price down. The price drops as the supply dwindles and the storekeepers/Central Bankers decrease their reserves. Gold, apples...

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