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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: LLCF who wrote (53120)	5/22/2000 9:58:00 PM
From: Hawkmoon	Read Replies (2) of 116760

That doesn't make any sense to me... if announced gold would go to 1000 and we'd have plenty. And then what? How would the available gold mining production support the rate of global economic growth? Is there that much gold? It would require an all-out "Manhattan Project" style gold mining and production effort, probably outstripping the current efforts to explore for oil just to provide sufficient gold to permit normal economic growth to occur. We couldn't make business loans unless enough gold was available to cover the increase in money supply such debt would entail, regardless whether that debt would translate into later wealth by providing a new technology or service. I know you all fully understand what I'm saying. And I appreciate the fact that you think you're just "yanking my chain". But there are lots of people out there reading this exchange who don't realize that you're only kidding. Like all of those suckers who loaded up on Gold Eagles just before Y2K... P.T. Barnum's entourage... Regards, Ron

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