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: TheBusDriver who wrote (51777)	4/20/2000 12:39:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116764

A cartel is easier in the oil business because most of the producers are nation states. As someone pointed out here the majors only account for 30 odd % of gold production. Also gold producers walk on eggs when it comes to the suggestion of a cartel - because most of them are subject to the jurisdiction of governments who will protect the fiat at any cost - including banning the citizens from owning gold - as in the 30s. I think the main producers decided a while ago that the name of the game is to mine gold at a profit whatever the price - hence we've seen costs continually being reduced - new mining methods too. Ken Benes (who says he was once a mining executive) would have Barrick step aside and put a maoratorium on all new production - in effect saying 'after you Alphonse' to all of its competitors! I'm glad you have a lovely soulmate - at home! Regards. d