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: sea_urchin who wrote (63545)2/8/2001 2:55:12 PM
From: Canuck Dave  Read Replies (2) | Respond to of 116791
 
Gold price comes near 10 year low. I'm amazed, baffled, disappointed and depressed.

Cut my losses this morning. Is there any realistic hope for a sustainable rally in the near (or not so near) future? You'd think the Bush tax cut would have been recognized for an inflationary vehicle and given gold a boost today.

Logic bites right now.

CD



To: sea_urchin who wrote (63545)2/8/2001 3:47:20 PM
From: Claude Cormier  Read Replies (4) | Respond to of 116791
 
<In fact, for the past 20 years it has been falling compared to virtually everything. >

Yet over the past 30 years it has been the best money around as you can still buy a small house with 15,000-20,000 grams of gold or so.

Is the price of a small house still $15,000=25,000 USD.

goldmoney.com



To: sea_urchin who wrote (63545)2/8/2001 5:27:21 PM
From: Alex  Respond to of 116791
 
<<As you know, it was the fragmentation of the diamond industry and the dog eats dog attitude which, almost 100 years ago, prompted Oppenheimer, Joel, Barnato etc to make a cartel in order to stabilize prices. Surely, this is also the reason behind OPEC and other cartels.>>

A-la Standard Oil. Born out of dog-eat-dog competition.