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

To: TD who wrote (36414)	7/3/1999 2:09:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 116756

TD, for gold to serve as a monetary base, the growth rate of its mining in the world must grow at the same rate as the world's economical growth. Since there are limited resources that can extract gold profitably, at let say, $2350/ounce, to achieve greater growth, lesser resources will need to be accessed at higher costs, and thus the monetary system of the world will depend on the marginal gold producers of gold. This is a straight jacket that the CB have finally recognized (maybe 10 to 20 years ago) and have "decided" (whether in concert or not or as a conspiracy or not) to free the world economy from these shackles, IMHO. If they do not, perpetual inflation (cost of bread in term of an once of gold) will reign. Mind you wheat, corn and even soy are selling today at prices very close to the late 70' early 80'. There is no need to increase their price in term of gold, IMO. Zeev