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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: E. Charters who wrote (81199)	1/28/2002 2:57:17 AM
From: goldsheet	Read Replies (1) of 116761

> Is there any way we can crank that population back to one billion by say 2050 without too much trouble? I don't think we have to. I'm not a big fan of Malthusian predictions of too much population and running out of resources. (more of a Julian Simon - Ultimate Resource fan) If one took world oil reserves in the 1970s and divided by consumption, we would have run out about 5 years ago. Same inaccurate static predictions are often also made for gold: 800moz of reserves mined at 80moz/year and we run out in 2012. Too simplistic. There will be plenty of gold mining companies operating well beyond 2012. I don't think we will be out of food or energy in 75 years, either.

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