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Gold/Mining/Energy : ARP - V Argentina Gold
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To: ali who wrote (2855)2/19/1999 4:16:00 PM
From: Syncrude  Read Replies (3) of 3282
 
Ali, (OT)

I know that this bugs many people, but it is TRUE. All the gold (except for small quantities) ever mined are still above ground. Thus supply grows every year (I believe over 70,000,000 EACH YEAR). Therefore the INVENTORY of gold grows year after year. Same holds true for silver.

Have you noticed how world conflicts have FAILED time and time again to have ANY impact on the price of gold, contrary to the past?

With respect to jewelry, no it is not the primary store of gold. And when times are tough, people melt their jewelry. Changes in traditions will also reduce the rate of demand for gold and silver.

Tales of shortages for gold and silver have been around for years now. People better face up to the facts. There are NO shortages. As soon as prices get into an interesting range, the smelters get active!

As far as coins go, people waste a huge PREMIUM for nothing.

So Ali, if you prefer to ignore FACTS, be my guest.
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