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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Eashoa' M'sheekha who wrote (1305)	8/1/1999 1:34:00 PM
From: teevee	Read Replies (4) \| Respond to of 3558

Taurus, From a mining perspective, I view gold as a smelter credit, offsetting the cash cost of producing metals such as copper. Considering the large copper mines with substantial gold credits(Freeport for example will produce over 3 million ounces at its Grassberg mine this year-not bad for by-product eh?), the 50 year equivilent of new mine gold supply sitting in vaults, which the central banks appear eager to sell, and the commoditization of gold, most companies that mine ONLY gold are IMO living corporate dinosaurs heading for extinction....it is obvious that the economic benefits of a lower price of gold by far outway the parochial benefits of a higher price.....Taurus, we are heading into the 21 century....you can participate or be left behind clinging to outmoded economic fantasies about gold and its monetary role....at least Hutch correctly views gold as what it is-just another commodity which can be traded-and without any attachement or emotive reasoning......IMO, most gold bugs suffer from some form of "gold fever"(symtoms include general paranoia and partial to total acceptance of various conspiracy theories) which has clouded their powers of reasoning....wake up and smell the coffee before it is too late for you.... regards, teevee