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

To: teevee who wrote (35499)	6/17/1999 10:13:00 PM
From: Mark Bartlett	Respond to of 116768

teevee, <<Central Asia-8145 tonnes Au Americas- 4730 tonnes Au Asia Pacific 3061 tonnes Au>> Not only will it take years to mine this stuff - at these prices it never will be mined ..... so those numbers mean nothing, unless put into appropriate context. MB

To: teevee who wrote (35499)	6/19/1999 3:04:00 PM
From: mark warburton	Respond to of 116768

""--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 add in the additional 125,000 tonnes above ground supply and you still have less then one ounce for every man, woman and child on this planet. In the past a sound financial plan would have included 5-10% of your wealth in the precious metals. If those days are ever to return you will find a substantial short supply of gold. As goes the world economies so go's gold. Times change.