SI
SI
discoversearch

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: Square_Dealings who wrote (63224)2/2/2001 9:25:39 AM
From: lorne  Respond to of 116759
 
India Gold- Quake, taxes, low incomes to dampen demand
" ``The demand for gold will go down by at least 10 to 15 percent this year. "
Full story >>>
news.altavista.com



To: Square_Dealings who wrote (63224)2/2/2001 10:05:14 AM
From: BGraham  Respond to of 116759
 
RE smart accounting:

You're right! It's as though they're taking the hit now rather than put an unnecessary damper on expected stellar earnings in the coming quarters. Not exactly new , its a pattern seen across industries all the time! Comments from ABX and PDG of late are making me more hopeful. PDG just went a little bit overboard in its explanation of the writedown! (VBG)



To: Square_Dealings who wrote (63224)2/2/2001 1:55:07 PM
From: goldsheet  Respond to of 116759
 
> Perfect time to write down assets before the price of gold increases. Smart accounting by ABX and PDG

Agreed. If you write off a billion dollars on 50 million ounces, then your future depreciation goes down $20 per ounce (reduces total production costs $20 per ounce). Future reported EPS will go up, even if gold prices remains flat.