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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (35084)	6/10/1999 7:38:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116762

<<1. Compared to copper or iron, gold indeed has little industrial usage as is clear from the potential usages listed.>> much of the limit placed on the industrial use of gold is based on price. It was written in 1978 that for every $10 reduction in price there is a 3% increase in industrial use. <<3. How so? My understanding was that a currency exchange rate is determined by the respective country's terms of trade. That has real life foundations. Central Bank interventions only have short term effect.>> single largest effect is sentiment, which is most often moved (correctly or incorrectly) by media spin. <<4. USD provides an even lower interest rate as collateral.>> You might want to walk into you bank with 20-40 oz(pure) gold and find out how much you can buy down the interest rate on your home, there are a great many bankers which understand the counter cyclical nature of gold, and love to hold it(note, I've seen a big difference between asking about it, and doing it).