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

To: Ken Benes who wrote (56973)	8/3/2000 3:49:39 PM
From: Enigma	Read Replies (2) \| Respond to of 116960

There was a trigger today affecting all PMs. Duh? Try Stockhouse where duh is commonspace.

To: Ken Benes who wrote (56973)	8/3/2000 8:27:07 PM
From: d:oug	Respond to of 116960

Ken, I'm gonna do a Bob Johnson and stay neutral, but as Bob has experienced too many times, standing between two conflicting posters results in taking fire from both sides. Be that as it may be, here is my neutral 2 cents worth. Follows are sound bites. Duh! Platinum and palladium gold in very short supply demand increases overproduction availability of leased gold gold as a commodity My comments are directed towards <<gold as a commodity>>. Whereas all are commodities, platinum and palladium to my understanding have demand in use for things that are required under law like car pollution devices, and used in things that if not present would result in poor or limited usage, like maybe engines that need high temperature contact surfaces(i forget if this is the titanium metal, but you get my point i hope). But gold as a commodities ranks near zero comparied to platinum and palladium in regards to the importance of the products use in for commerce and military. Add to this the above supply of gold in bullion, coins, jewerly and scrap is very large as in a zillion years if it use was required for only electrical mission critical areas in military and space program, while the supply of platinum and palladium is weeks or months. Kind of hard for me to see gold being a concern of the average earth citizen, especially when they are clueless on its role in keeping paper or credit money honest. Even letting those who hold gold as a store of wealth keep their coins or bars or mostly simply shaped solid jewerly pieces, there a huge amount above ground left to supply for 1/2 a zillion years. As long as gold is not viewed as more than jewerly or as a store of value not promoted as important by the major world nations, then supply in the form of paper gold will always exist enough to depress its price. As for producers cutting back production to reduce the amount of physical gold available, then if the physical demand is mostly jewerly and the nations leaders like in the USA determine that it would be a threat to the health of the usa paper dollar, then you bet the producers would be made an offer they were not be able to refuse to conclude with them not holding back production. May already have happened. Forget producers, as to me the only way a low physical gold supply will occur and rocket its price upwards to the moon is if as commented on the Le Metropole Cafe that Russia and/or China decides to bust America's USA economic strength by buying gold big time for permanent storage in their Central Banks. Why do this if a collapse of the USA economy will also take theirs along for the ride. Simple answer. (pause.... need a hint?) (hint, what do Russia and China fear the most?) not the USA economic might but what the USA economic might allows the USA to do do with what ? its the money obtained by the USA government through taxes better economy, more pay checks, more tax money tax money for military and today, big problem = ??? today USA military low on weapons and equipment and personnal = paychecks needed so today USA military is number 1 not because its a great machine but because Russia's fell down and China's is not yet built up high tech most important and needed by USA government is ? money to take it back to being a super power military not there today only seems that way because Russia's collapsed so answere is Russia and China tank USA economy so that USA cannot rebuild its military if USA military continues at same level and continues to weaken then years form today especially if Russia and China has the physical gold the USA will be only one of three super military powers gold rules by letting Russia's and China's military might increase and USA's military weaken so a day arrive, all 3 equal if so, then it would be i have bad news and bad news and bad....... doug

To: Ken Benes who wrote (56973)	8/4/2000 3:35:30 PM
From: long-gone	Read Replies (1) \| Respond to of 116960

Ken, You know, I'm sick to tears of your tripe! Were you even aware HM produced 38200 less during the last quarter than same period last year? Now also we find Gold Fields 4% lower production!!!! I'll grab some more numbers & see what else I find, but, you might want to consider doing the same - BEFORE you cry "overproduction"!!!!