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To: goldsheet who wrote (51322)	4/11/2000 6:21:00 PM
From: Alex	Respond to of 116753

Bob. How much of the fiat currency in circulation today has been printed in the last 30 years, or do the laws of supply and demand not apply to paper and electronic blips? IMO, the value given to the U.S. $ today discounts the best of all possible worlds well into the future. I'm not saying that utopia is impossible, just a little suspicious:). Meanwhile, we'll just keep on pumping out an endless supply of paper, the law of supply and demand be damned.

To: goldsheet who wrote (51322)	4/12/2000 7:48:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116753

<<In the last 30 years primary gold mine production has added 1.6 billion ounces to the world inventory and keeps adding another 80+ million ounces per year. Considering total world inventory is about 4 billion ounces, that means 40% of the gold mined in ALL human history was mined in the last 30 years.>> Then with every passing day another consumer is added. In everything there is both the supply & the demand side of the equation, and the demand is improving.