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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Claude Cormier who wrote (2906)2/21/1999 11:31:00 PM
From: Syncrude  Read Replies (2) of 3282
 
Claude, (OT)

I guess we will just have to agree to disagree.

It used to be that in many countries, savings were held in the form of gold, often jewelry. While many still do this, I think that there are changes in culture taking place. Even in western societies, gold jewelry does NOT attract the same craving as it used to. There are many alternative sources of material. As a hedge in case of major armed conflicts, gold has shown itself to be non-responsive.

I think that the OLD way of thinking about gold needs to yield to a NEW view. People have been talking about shortages for years and years and still do. Yet we know that supply can/will/has hit the market with ease. After all gold is not eaten.

As far as sources of mines goes, companies keep coming up with large deposits...year after year after year. It's almost like oil. People are still "predicting" shortages of oil, when in fact more and more deposits are identified.

I can't see a sustained rise in the price of gold. I emphasize "sustained".

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