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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: d:oug who wrote (51330)	4/11/2000 9:34:00 PM
From: goldsheet	Read Replies (1) of 116836

Are the following thoughts worthly of thought ? "It is a misnomer in a sense that all the gold loans are loans. A percentage of those loans are sitting on the fingers and necks of the people of India and Asia. The rest of the gold loans are sitting in the ground waiting to be mined in the year to come.? Interesting idea. These "loans" would be about 2 billion ounces of gold in jewelry and 1 billion ounces in mine reserves. Both would be substantial supplies of gold if prices rose.

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