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

To: Bob Dobbs who wrote (35668)	6/22/1999 8:37:00 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116791

What absolutely amazes me is how people worry about the perceptions of what GATA and the producers might or might not do relevant to formalizing a policy about production of non economic gold. In no other industry would a cogent policy to remain profitable be a concern. Yet everyone bitches about the concerted activity of the cb's, the bullion banks, and the speculators in driving the pog down. Looking out for your interest and formulating a prudent policy for the production of your basic material is endemic to being in business. For the past ten years corporate America has been restructuring in an effort to become lean, mean, and more competitive. This process has included eliminating many jobs and rehiring those same personnel as subcontractors, who work for a number of companies as consultants thru their own firms. Gentlemen, this is the same process as closing non economic mines and replacing there production with above ground supplies that the cb's seem more than willing to supply, at least in the news. Let the producers test the waters. Whether they get the gold from the ground or the vault is incidental as long as they have product to sell and we will see just how willing the cb's are to part with the balance of their gold hoard, whatever, that may be. This is not being a cartel, it is not rigging a market, it is not being reactionary, it is reforming yourself into an efficient profitable corporation in todays global economy. Ken