SI
SI
discoversearch

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 : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crimson Ghost who wrote (93506)8/11/2001 3:12:56 PM
From: Tommaso  Read Replies (1) of 95453
 
Well, I meant that the price can't rise a great deal because it is so easy now to bring more gold into production, and once produced, it stays on the market, unlike hydrocarbons, which are consumed.

Some of the mines thathave shut down, such as the deep Homestake mine, just can't produce gold at the present prices. The heap-leachers have driven them out of business.

The forward sales you speak of guarantee an oversupply, it seems to me.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News