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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Claude Cormier who wrote (63551)	2/8/2001 5:13:11 PM
From: sea_urchin	Read Replies (1) of 116795

Thanks Claude. Actually I posted on GPM by accident. Referring to the article, I find this paragraph agrees almost exactly with what I had said : "Gold is an exceptional product, but its potential is not being fulfilled. Many in the industry believe that by turning gold into jewelry the industry is adequately addressing gold's future. They are incorrect, as experience over the past several years with the declining gold price clearly demonstrates. Gold does not disappear - it does not get consumed - so the gold mining industry must contend with gold's aboveground stock." This is, of course, the hope: "The best way to address this obstacle is to enhance gold's role as money." Yes indeed, it is gold's diminishing role as money, particularly by the Central Banks, which is the cause of the present predicament. But whether "internet gold" will be the solution is something else again. Frankly, I prefer to use my VISA card when shopping on the internet! In fact, I regret to say I don't see much use for gold backed currency for internet transactions.

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