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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: marek_wojna who wrote (68057)	4/21/2001 10:11:53 PM
From: goldsheet	Read Replies (2) of 116759

> since you are such a promoter of gold as nothing more than jewelry I'm a promoter of mathemetics - 80% of gold is used for jewelry and about 5% was investment hoarding (rest fabrication) Weak economic conditions now appear to hit the pocketbook of the jewelry buyer more than the gold investor. A relatively small 5% drop in demand by the jewelry buyer would require over a 100% increase in demand by the gold investor. That's a mathetical observation. Promoters of gold as an investment hav a big job ahead of them to convince the other 80% that gold is more than shiny jewelry. I know gold is more than shiny jewelry, but I accept the fact that 80% of the buyers do not care.

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