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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who wrote (59721)5/1/2002 12:22:44 PM
From: augieboo  Read Replies (2) of 99280
 
There are many stocks that should be at higher or lower prices if logical arguments like you present are followed. But those logical arguments do not get followed in the world of stocks, so why is it different for gold?

But this logic does get followed in the world of stocks. They are both governed by the "law" of supply and demand.

If fear of economic disaster is the driving force, then where will be the organised labor and machinery to build such a gold extraction plant?

From greed, of course.

I don't know enough science to comment on Zeev's extraction theory, but I know enough about greed to say that if gold were even to approach $800 per ounce -- let alone $1000 or $1200, large areas of the world would become open pit mines overnight. It's already happened to huge areas of the Amazon.

As for machinery and organized labor, the only machinery used, in many such mines, is picks and shovels, and labor is kept organized at gun point.

augie
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