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

To: Ken Benes who wrote (57159)	8/9/2000 6:00:11 PM
From: Alex	Read Replies (2) \| Respond to of 116994

<<Dateline Paris. The world is running out of gold reserves—& faster than you think." Source of this sensational statement is Chris Thompson, CEO of world's 2nd largest gold producer, Gold Fields Ltd. The revelation was made to me when I lunched with CT at the Ritz Hotel, Paris, last month. "Reserves are drying up at an increasing rate & demand is increasing. Central banks will soon realize it's not smart to either sell gold or lend gold they may have trouble getting back in a gold-scarce market." "Even when you find gold, it's often difficult in many parts of the world (eg, NZ, Nevada) to get permits to develop it, such is the power of environmentalists. We're only producing 85mil oz's a year," said CT. Because this reserve decline is happening out-of-sight & not overnight, it hasn't been on the 9 o'clock news or headlined. But after this revelation, it may be.>> gold-eagle.com Ken. Knock, knock...... Just tryin to stir the pot :)