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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (43160)	10/17/1999 2:29:00 PM
From: goldsnow	Read Replies (2) of 116764

Btw, why is $400/oz "healthy" when the average cost of production is supposedly in the $200's and expected to go lower as technological extraction advances lower that CofP??>>>>> Oil cost of production is less than $2...(never mind shipping, risks, insurance, enviromental costs and on So? Can you mass produce an alternative to oil cheaper? What is an alternative to Gold? Gold is scarce commodity...Difficult to find...you have trouble to accept that fact on the ground of CB's holdings-minute quantities considering that demand (quite subdued recently) is likely to explode) How about know-how of finding, maintaining and yes paying for great and rare find? Many would enter and be able to survive in this business if they could, right?

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