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

To: Zeev Hed who wrote (36456)	7/3/1999 11:49:00 PM
From: Nawien Sharma	Read Replies (2) \| Respond to of 116753

>> take a good 20 to 50 years (if they do not eradicate each other first). Frankly, by then, I believe that alternative sources of energy will come to the fore, like cold fusion. Even if that dreams takes longer, the supply of liquid hydrocarbons is quite << Cold Fusion ? Do you really believe that ? Nawien

To: Zeev Hed who wrote (36456)	7/4/1999 8:14:00 AM
From: long-gone	Respond to of 116753

<<I do not know why everyone that interested in gold must see an economic catastrophe as the sole way to create a bull market in gold. A bull market in gold will happen, once marginal producers shut up their inefficient plant and thus reduce the supply. Right now, these outfits have sold two maybe three years forward production at prices well above today prices, and with the CB in the mood of dethroning gold from its august monetary status, there is not much of an impetus for more then rallies to the high 290 or so in gold, IMHO.>> I agree,(in part) the best thing that can happen for gold is a better not a worse global economy. Where we fall out, is the demand and price equation. We, as a society, are becoming better educated, but a word game fraud was played by some in the low price jewelry trade around 10 years ago. There was a time if one were to advertise any jewelery as "14k gold" or (whatever the k) it had to be SOLID. Now, a part of the demand for gold is being taken up (in north America at least) by items listed as 14-18k gold when the only gold on the items is plated on and the plating is that purity. The words "filled gold" or "gold plating" are no longer required by law. Many are finding those items they bought thinking they were solid gold of a certain purity are only a thin plated layer which is now wearing off. As these consumers become more discerning and educated, they are replacing these cheap knock-offs with solid gold items, increasing demand.

To: Zeev Hed who wrote (36456)	7/4/1999 9:05:00 AM
From: goldsnow	Read Replies (2) \| Respond to of 116753

Zeev, there is no significant undiscovered oil on earth...All in the ocean...Deep Ocean drilling is extremely expensive and worse it is going into deeper and deeper ocean...Not only consumption will dramatically escalate in Indochina (Sorry India, China, as well as in Indonesia, Pakistan, Vietnam and elsewere) but the cost of extraction would escalate even with new technologies tremendously....Never mind world population growth by 2% a year (over 25% in 10 years) There is tremendous shortage of Oil...so alternative energy is the must...(More likely in many "poor" places nuclear...bringing tremendous danger to the civilisation :(