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To: Lizzie Tudor who wrote (71895)8/4/1999 7:16:00 PM
From: Robert Rose  Read Replies (2) | Respond to of 164684
 
I agree. Gold's problem is supply. The spigot can be turned on at will: by central banks, by hoarders, by individual owners of jewelry, and especially by owners of inactive mining operatings. With new efficient mining methods such a heap leaching (very destructive to the environment, I might add), the gold supply readily increases as the price rises.

Kinda like inet ipo's. <g>