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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Syncrude who wrote (2918)2/22/1999 9:11:00 AM
From: LaFayette555  Read Replies (1) of 3282
 
Hi Syncrude,

re 'Let's face it, there is simply lesser use for gold in the world
today. '

I beg your pardon but this is false, for example the electronics industry is a new user of large quantities of gold.

Tons of gold go to the dump to rest forever each year in the form of
circuit boards - this gold will never comeback.

Like all natural resources the supply of gold is limited, but in recent years we have seen a partial demonetisation of gold resulting in large hoards being sold by Central Banks. These sales have unbalanced the supply - demand equilibrium, temporarily...

When this dishoarding abates the price will stabilise and eventually ascend.

I belive we are now making a strong bottom in gold - the next big move will be up IMO.
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