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

To: PAUL ROBERTSON who wrote (48488)	2/7/2000 11:30:00 PM
From: Clifford A. Brown	Read Replies (1) \| Respond to of 116759

<<A group of buddies and i were throwing around the idea of borrowing 50 billion dollars so as to buy out the whole industry and were at the same time wondering why someone has not already done so.>> A friend and I have entertained similar musings, but with a twist. What if Red China quietly cornered the gold market and brought the West to its' knees without firing a single shot. And the PRC's first edict would be: 'We procraim our representative, Brill Crinton, president for rife! CAB

To: PAUL ROBERTSON who wrote (48488)	2/7/2000 11:36:00 PM
From: goldsheet	Respond to of 116759

> Would like to know how he comes up with a 100+ tonne per month supply deficit. The gap between total demand (4159 in 1998) and primary mine supply (2555 in 1998) is 1604 tonnes, or 133 tonnes per month. At a minimum, I would add in 600mt of scrap recycling to call the perceived gap more like 1000mt I have often called scrap the world's biggest mine. It usually delivers 18 million per year to the market, has reserves of probably 1 billion ounces, and the ore grade runs from 14-24 karat.