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


To: re3 who wrote (49961)3/3/2000 7:27:00 AM
From: Greg Jung  Respond to of 116764
 
I don't mean to desparage the metal, it is
still a valuable commodity but not a vital
physical aspect of most functional economic models.
Oil, on the other hand, can be measured in terms
of a definite economic output. Especially in
US economy for which most depend on their own
2 gallons or so each morning to get up and participate
in traffic.



To: re3 who wrote (49961)3/3/2000 7:31:00 AM
From: long-gone  Read Replies (2) | Respond to of 116764
 
<<if its irrelevant, why are there any gold mines left ? >>

Everyone understands, of course, this was the end goal, & "they" lost! It was their greatest desire for every investor in the free world to dismiss or question the value of gold & every mine to close prior to the next run. Can you imagine picking up AU for not $24-30 a share, but rather at a few pennies? Can you even guess at buying (the currently larger than before) ABX,NEM, & HM at bankruptcy prices without anything going to the holders of common stock? This was the goal.