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.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: maceng2 who wrote (68776)1/2/2007 9:30:56 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Producing gold then was hard work. So was producing flour. Production of both has changed phenomenally, so it's quite flukey that the relative prices are about the same.

Now, vast tracts of wheat are harvested by rows of monster combine harvesters, and transportation of thousands of tons at a time is done in railways. Huge milling plants turn it to dust at very low cost per unit.

On the gold side of the equation, whole mountains are ground to dust with huge trucks carting 50 tons at a time of rock blasted after low cost drilling and explosives enable it to be loaded by enormous excavators. No more do blokes dig with pick and shovel inside a mountain, following a seam of quartz.

Mqurice
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