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

To: Phil Jones who wrote (35498)6/17/1999 8:33:00 PM
From: teevee  Read Replies (2) | Respond to of 116767
 
Phil,
Quoting from a December, 1998 publication by the Australian Minerals foundation entitled: "Porphyry and hydrothermal copper and gold deposits-A Global Perspective", reported gold resources being mined in the following regions/orogenic belts are:
Central Asia-8145 tonnes Au
Americas- 4730 tonnes Au
Asia Pacific 3061 tonnes Au

This excludes gold contained in porphyries and in other areas such as South Africa and many Asian and Russian districts.....we are awash in the dam stuff.....how the central banks can continue to support these high prices amidst an obvious long term glut is beyond me.....I believe that gold remains one of the best short sale opportunities in the world today......
regards,
teevee



To: Phil Jones who wrote (35498)6/17/1999 8:52:00 PM
From: FESHBACH_DISCIPLE  Read Replies (1) | Respond to of 116767
 
30,000 tonnes x 2204 = 66 million pounds X 16= 1 billion ounces.

At todays price roughly 250 billion.

That equals aol's market cap last month.

A drop in the bucket,in the global scheme of things.

Got to buy them when they're bashing them.

Remember,BUY THE DIPS AND HOLD FOR THE LONG TERM.

I forgot that spiel only works by mutual fund salesmen.


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