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

To: long-gone who wrote (36366)	7/2/1999 4:46:00 PM
From: Jim S	Read Replies (1) \| Respond to of 116762

I have to admit, Richard, I'm in over my head in some of these discussions. But, it seems pretty clear that if gold were a dollar a pound, that there would be a lot more industrial demand for it than there is now. Still, I have to agree that its strategic value right now is more because of its midas value. To my knowledge, its current industrial use is pretty restricted, and mostly involves coatings a couple of microns thick, so a little goes a long way. All of which takes us back to the crux of the argument: is it worth storing gold to act as a currency ballast? jim