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

To: Claude Cormier who wrote (62684)	1/15/2001 2:11:32 PM
From: Richard Mazzarella	Read Replies (3) \| Respond to of 116764

Claude, not sure I agree. Gold was money, but today it's nothing more than a commodity IMO. Why should anyone buy gold at any premium when they can get it at a discount buying CEF? PMs must find new demand to improve price. Investors buying the metals helps, but new industrial uses are required. Is silver cheap enough to warrant use in high efficiency motors, transmission lines; gold as catalysts? Currently the central banks have more than enough supply to meet demand for a number of years, they lower the price the more they sell. We need to change that equation. As soon as people are convinced that demand can't be satisfied for long, price increases. Even central banks will resist selling if there appears investment potential. The secret for improvement in PM prices is to increase demand, everything else is simply wishful thinking IMO.