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.
Pastimes : The Big Picture - Economics and Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Staff who wrote (478)12/2/1997 8:59:00 AM
From: Sid Turtlman  Read Replies (2) of 686
 
Staff: "Under $300 denero's for gold its just a matter of time before mines just plain shut down. I cound not care boo about demand. No supply and constant demand and it will rise no amtter who sells what.."

The problem with this argument is that central banks hold an amount of gold equal to something like 15 or 20 years production from all the mines in the world. So every mine could shut and gold could still go down if the central banks want to keep selling. I think it would be a stupid move on their parts that they would later regret, but they do have it within their power to knock gold down considerably from here if dumping begets more dumping.
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