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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: goldsheet who wrote (1685)7/22/2001 2:07:14 PM
From: Claude Cormier  Read Replies (2) of 4051
 
Bob,

<You will eventually be correct, because gold is a finite commodity>

In essence, mon ami, you are saying that $265 gold is good enough to allow production to remain stable until there is no more gold on this planet.

Since annual production is roughly 80,000,000 ounces, it means that each year, 80 millions ounces of mineable reserves must be discovered so to maintain the actual reserves inventory and future production.

What is your guess on the number of mineable ounces that have been discovered in 2001?
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