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

To: Claude Cormier who wrote (63551)	2/8/2001 3:52:55 PM
From: long-gone	Read Replies (1) \| Respond to of 116791

<<Is the price of a small house still $15,000=25,000 USD.>> Maybe, but not new. Depends on where one wishes to live.

To: Claude Cormier who wrote (63551)	2/8/2001 4:40:42 PM
From: PAUL ROBERTSON	Read Replies (1) \| Respond to of 116791

looks like gold is going to washout the bugs after all. A low sometime in the first few days of spring makes a lot of sense at much lower levels, $200 or on the full moon right now at $256 fwiw. When the commercials are wrong as a group they are usually quite wrong. So it would seem, $200 here we come. Looks like AG is going to have to build new and faster printing presses which would help those suddenly elusive productivity numbers. If Japan breaks 13,000 tonight the poor little world looks to be in a deflationary collapse. AG will probably be hoping for a higher POG before this is all over. i bet PoG is now going to become his most watched indicator. Paul

To: Claude Cormier who wrote (63551)	2/8/2001 5:13:11 PM
From: sea_urchin	Read Replies (1) \| Respond to of 116791

Thanks Claude. Actually I posted on GPM by accident. Referring to the article, I find this paragraph agrees almost exactly with what I had said : "Gold is an exceptional product, but its potential is not being fulfilled. Many in the industry believe that by turning gold into jewelry the industry is adequately addressing gold's future. They are incorrect, as experience over the past several years with the declining gold price clearly demonstrates. Gold does not disappear - it does not get consumed - so the gold mining industry must contend with gold's aboveground stock." This is, of course, the hope: "The best way to address this obstacle is to enhance gold's role as money." Yes indeed, it is gold's diminishing role as money, particularly by the Central Banks, which is the cause of the present predicament. But whether "internet gold" will be the solution is something else again. Frankly, I prefer to use my VISA card when shopping on the internet! In fact, I regret to say I don't see much use for gold backed currency for internet transactions.

To: Claude Cormier who wrote (63551)	2/9/2001 9:54:24 AM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 116791

Turk's speech was stimulating but would you mind walking me through what actually would happen? Would it be like this? Here I am. I have US$ 1,000 in my bank account. I decide to try out the new GoldMoney card. Do I now send them a check for $1,000? Do they then convert this to four (or whatever) ounces? Then I decide to buy a book from Amazon - using my new card. The book costs $26. GoldMoney credits Amazon with $26 and deducts one tenth of an ounce from my account. I then go on vacation to Paris and spend a night at a hotel for which I am charged 275 Euro. GoldMoney gives them the Euros and I am deducted an ounce of gold...und so weiter...und so weiter. My problem is that I don't know exactly who is holding my gold. Where is the stuff physically? Or is it just "e-gold"?