Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (75263)	3/4/2001 4:58:37 PM
From: Zeev Hed	Respond to of 436258

In that respect you are right, it is like Pd, and in the last year, Pd was a very good bet, will it stay that way? I do not know, but in the case of gold, what we do know, is that there is an overhang of many years of production in the CB's vaults, and while the current agreement is to limit these sales to around 400 tonnes per year, this agreement can be changed. as for the supply of gold, it is growing, and I believe that in the last 20 years or so it has increased (new gold, without recycling) from under 40 MM ounces to more than 80 MM ounces annually (give or take few MM ounces). I do not think that in the same period car production capacity has increased so much. Zeev