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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Zardoz who wrote (34366)	5/22/1999 8:49:00 PM
From: Investor-ex!	Read Replies (1) of 116764

The price of gold is bounded by its cost of extraction on one end and the viability of the global debt-based monetary system on the other. As I've suggested before, if there comes to pass even the merest hint that the Y2k rollover will cause undue stress to the monetary system and/or widely jeopardize the fulfillment of contractual obligations (especially paper-based gold transactions), the de facto owners will most likely wish to take actual physical possession of the metal prior to the rollover if they have not already done so. There are entities out there that think that they "own" gold or "control" gold. Unless they take physical possession, they may soon learn otherwise.

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