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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Enigma who wrote (26745)	1/22/1999 11:18:00 AM
From: Hawkmoon	Read Replies (4) of 116764

What if Bre-X or Golden Eagle (MINE) actually had discovered HUGE gold finds? What would this have done to the price of gold knowing that 100 million new ounces were coming onto the market over the coming years?? Would the intrinsic value of gold have been hurt by the sudden decrease in scarcity as occurred during the Spanish conquest, the gold rush or California and Alaska in the 1800's. All of those events caused disruptions, certainly in the local economies where prices for common foodstuffs drastically inflated (can't eat gold). The impact of the huge influx of gold and silver into the Europe in the 16th century is widely documented, as I also believe the Two gold rushes are as well. I've already mentioned "Secrets of the Temple", where these events are discussed. As for other titles, Gold rush history wasn't my major... <VBG> Regards, Ron

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