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: pater tenebrarum who wrote (56507)	7/19/2000 5:50:16 PM
From: Enigma	Read Replies (2) \| Respond to of 116834

I think you have to delve into the concept of marginal accounting ie with fixed costs, admin, already covered what does it cost to produce an additional ounce of gold? Barrick, for one, has mines in South America, Nevada, Tanzania - there is a great deal of additional gold to be brought into production in all these areas where the infrastructure is already in place. So it's not going to cost $350/oz to bring these extra millions of ounces on stream. They are exploring and developing in their own back yard. So the rich are going to get a whole lot richer - it almost amounts to internal growth.