2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 422.21

+1.9%

Jan 12 4:00 PM EST

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To: carranza2 who wrote (94973)	9/25/2012 4:47:32 AM
From: Maurice Winn	4 Recommendations Read Replies (1) of 219281

C2, your figures are a bit out: goldsheetlinks.com As you can see there, most gold was produced in living memory and mostly it's being produced now - at 5 times the rate of the gold rush era 100 years ago. Nowadays, it takes a LOT more than an old bloke with a pan in a river to come up with gold. He didn't need much oil, if any, to pan his nuggets, or gold dust. I can assure you that gold nowadays, which is most gold, is pretty much made of oil. Back in the day [1979] our little BP Oil office in Tauranga even went staking claims in Coromandel on behalf of BP Minerals [BP had gone into vertical integration mode in the 1970s, doing everything from copper mining to forest farming [sheep and trees] to salmon farming and even embryo transfer for cattle farming [Farmkey was the company in NZ]. We didn't get to gold production though. BP bailed out of minerals in the 1980s and went back to core business - hydrocarbons [for the most party]. TJ is right - gold is a convenient way to store oil value, carry it across the wildest interregnum to land safely, hopefully, on the other side. Mqurice

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