Gold Price Monitor Message Board

STOCKTALK

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.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 143.68

-4.5%

Jan 29 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Giraffe who wrote (24378)	12/16/1998 1:19:00 PM
From: long-gone	Read Replies (1) of 116938

Giraffe, I hate the idea of bombing as much as you do, but your wrong about the impact of bombs(and missiles more so) on the price of gold. As each missile is fired(or smart bomb dropped) gold is used up, as the electrical contacts inside gyro pick-up points are gold. Most of the mil-spec IC's in water based military are wire bonded with inside the individual package with gold wire. Last figure I knew was 1/10 oz gold with-in each H.A.R.M and Cruise missile. Many Air-to-air missiles are even (slightly) more. The effects of war are often felt more heavily in silver, though. Even in today's modern army, the resolution can not be achieved with electronic over traditional photos when operating in IR. Also, as sorties increase, the number of X-rays increase to assure fitness of the airframes based on number of hours flown. Even as good as ol 49er may be at recovering gold, I can't see the economics in sifting through the entire building (or street) for 1/10 oz. richard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next