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Gold/Mining/Energy : Pacific Rim Mining V.PFG
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To: Natedog who wrote (14125)1/27/2001 2:40:25 PM
From: Phil Jones   of 14627
 
Gold needs a world crisis. A 10-kilometres-in-diameter asteroid heading for earth -- or something similar. Until then, I don't see anything happening to the POG. The rule of thumb would be that for every kilometre-in-diameter increase in the asteroid, add about $100/ounce to the POG. I think we just have to be patient, and wait for such world disaster to occur. It can't be too far away. NASA intends to send up a satellite to look for problem asteroids that could potentially destroy all life on earth. I feel that all Gold Bugs must lobby the U.S. Government to stop such action by NASA. Without a world crisis of astronomical proportions, don't expect the POG to increase! Sad, but true!
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