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

To: Hawkmoon who wrote (43194)	10/17/1999 6:46:00 PM
From: goldsnow	Respond to of 116786

Just what is it that you expect will motivate people to use more gold than they have in the past 10 years??>>> Cheap price...:) for one.... Compounded consumption concept...(population growth preclude calculation of unchanged demand.... But more important is that it is no way Next Generation can sustain Growth in Dollar Value to buy Gold (and anything else on a cheap) ps. Never mind my English, you should see what people say about my Russian...<gg>

To: Hawkmoon who wrote (43194)	10/17/1999 7:04:00 PM
From: Gerd Schwarz	Read Replies (2) \| Respond to of 116786

There is just this little hole in your whole bucket, dear Ron: popin.org World-Population doubled since 1960. They all will need or want maybe just about an ounce or so. I hope you consider these facts in your otherwise faultless calculations. G.

To: Hawkmoon who wrote (43194)	10/17/1999 9:26:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 116786

Maybe Bob Johnson, who I find to be a very credible source of gold related info, can clear this up for us all. Quick version: Theoretically about 7 billion ounces of gold should have existed in earth's crust Just under 4 billion ounces has been mined in all history About 1 billion ounces is currently economically mineable Leaves about 2 billion ounces either not found or uneconomic Central bank hold 1.2 billion ounces (30% of all mined) Annual primary gold production is 82.1 million ounces Looks like 14 years, more or less.