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: Zardoz who wrote (56461)	7/19/2000 10:47:12 AM
From: pater tenebrarum	Read Replies (3) \| Respond to of 116834

if i remember correctly many CB's were heavy sellers throughout the 60's-80's period. i'll see if i can find a source for the data, i remember having seen a chart somewhere depicting CB sales. there was a good reason why gold rallied in the seventies...inflation. what is a realistic value for the PoG? a third of global production is already unprofitable at current prices. i doubt that you, or anyone else knows what a 'realistic price' actually is. there's no way to evaluate that question properly due to the special role of gold. it's not an industrial metal that can simply be judged by supply/demand information. it's a political metal. the primary supply/demand deficit suggests the price should be higher - it's the CB sales overhang and the leasing scam keeping it down. so if anything, the CB's are now artificially depressing the price. anyway, it's going to be funeral time soon...my guess is if the bear market continues for another year we will see numerous bankruptcies in the industry. that should skew the supply/demand curve even further. one can only hope that the CB's will have sold their gold by then...