russett, your comments are that of a squished brain.
<<Earnings[of gold mine companies] are all that matters.>>
ok & yes in a free and open gold market, then its the Price of Gold that would determine earnings But currently, and for many recents years, this condition has been using your word "squished" in its negative usage by the Barricks and others identified by GATA.
<<Lots of gold ... still to be found...>>
You sound like double d in that what cannot be knowned thru the darkness of those doing criminal actions towards gold, is at the same time easy to be knowned <<Lots of gold...>>
<<Forget Fiat currencies.>>
Sorry, fiat as paper or tobacco leaves or 1's and 0's is the same concept. The actual implementation is only what changes of a make believe concept attached to something based on trust and not on something real like gold.
<<Time to start worrying about electronic credits.>>
As above, same old story, just a new and more complex face presented.
<<Goldbugs have pupated and turned into techieflies, or perhaps just got squished.>>
no no, the current inactive stage of its life cycle is just a quiet period waiting for GATA to put gold bugs into their correct place at the Top of the Economic "food" Chain.
I sure wish you would do more brain activity before posting. Maybe if you and d and Ron Reece amd ***** and ***** added together all brain cells, then a good and correct post might happen.
doug |