Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who wrote (59739)	5/1/2002 12:30:06 PM
From: augieboo	Read Replies (1) of 99280

I agree that is what would happen and eventually gold would come back down. But that will not stop it from going over the price of production, until production catches up. True, but keep in mind that such low-tech forms of production would also ramp up right along with the price, so I think that time is the limiting factor on how high the price can go. That is, if the price were to spike extremely quickly it could get well ahead of production, but if it ramped at a more moderate rate, it would not. And no, I have no idea how to quantify "extremely quickly" or "moderate rate." <g>

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