Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ken Benes who wrote (51740)	4/20/2000 10:49:00 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 116764

<<The best receipe for raising prices is making the commodity a little more scarce. >> OPEC has been doing this for years....hence the current oil prices....It is beyond me why the gold industry has not seen the light! wayne

To: Ken Benes who wrote (51740)	4/20/2000 3:48:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 116764

Here's a strange thought; Since miners can't control themselves to limit supply, maybe we could use legal and regulatory means to prevent them from producing. Something like the environmental initiative in Montana that prevents the use of cyanide in leaching (which Canyon Resources is fighting). We gold investors could become "temporary environmentalists" and try to shut down as many producing mines as possible, but we would have to be careful not to affect the mines of the companies we are invested in. I guess it isn't that easy to affect the laws of supply and demand, so I guess we will just have to accept the industry the way it is (warts and all) and do the best we can as investors.