Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Crimson Ghost who wrote (57265)	8/13/2000 5:25:38 PM
From: Square_Dealings	Read Replies (1) of 116950

George Cole: One way the gold industry could find out if there really is any demand out there would be to shut down production significantly or completely. Then the world could figure out if it really needs gold (which I think some bashers will be surprised). The situation reminds me a lot of the oil industry two years ago. Consolidation in the gold industry is a positive step in gaining control of the future supply of gold. Just as the oil industry figured out how to be profitable at $15/barrel oil prior to the ramp in price, the gold miners have also figured out how to produce gold at current severely depressed prices. Who's brilliant idea was it to lease gold for 1% a year anyway? A person could control a lot of gold at that ridiculous rate. I might just see if I can borrow some. That beats margin rates at my broker by a long shot. M.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next