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

To: Don Lloyd who wrote (56475)	7/19/2000 1:52:24 PM
From: long-gone	Respond to of 116834

<<Does my company go broke slower by shutting down or continuing to mine?>> I believe the answer is (as I've said before) a shareholder revolt - of sorts. I think all mining companies should reduce production by 20% for the next 3 months! Simply close the doors every Friday - let everyone have a 3 day weekend! It has been done in many other industries.

To: Don Lloyd who wrote (56475)	7/19/2000 1:58:48 PM
From: pater tenebrarum	Respond to of 116834

Don, i agree that it can't be compared to oil...i didn't do that anyway. one gauge for valuing gold may be the amount of fiat currency outstanding relative to the gold above ground. while the gold price has deviated to the downside while fiat currency has grown like never before, there's nothing that says we won't see a re-evaluation of this state of affairs by the market at some point. the gold/fiat ratio has swung in a wide band since '71. as for the question whether it makes sense to continue to produce vs. shutting down a mine, that question can only be addressed on a case by case basis. but i suspect that sooner or later many mines WILL be mothballed if current or even lower prices persist. regards, hb