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

GLD 494.42

+3.8%

Jan 28 4:00 PM EST

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To: bart13 who wrote (94997)	10/6/2012 11:56:15 AM
From: Maurice Winn	3 Recommendations Read Replies (1) of 219848

No, not at all precisely, and that's a detail to my point about gold being made of oil: <Do you know the energy data from the average miner income statement or not? It was an honest question. > If the miner owns a car, they'll use something like 2000 litres of petrol, at $2 a litre - $4000. They heat their house. They eat food. They build their house. It all takes oil. If you measure things by weight rather than dollars, you will see that there is a LOT of oil, coal, methane, excavated. There is [I guess] more weight of oil/coal/gas produced than anything else. Miner food weighs about 800 kilograms a year [at 2 kg a day of food eaten - quite hungry miners]. Just their petrol weighs more. Gold is made of oil. [near enough for government work and even for TJ gold mine project] Mqurice

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