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To: Don Lloyd who wrote (75608)	3/5/2001 1:36:59 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

serves a real purpose as a regulation and stabilization mechanism on the price of gold, which improves its usability, both for monetary and industrial or artistic uses Good point. The billions (trillions?) spent on gathering the earth's gold has provided the basis of an early exchange mechanism, facilitating global trade. And it's hard to place a price on use of gold for aesthetic efforts. [edit] Is the best use of future capital the development of additional gold stockpiles? Is it possible that we have stablized in one of many possible equilibria- and an appropriate nudge might bump the system into another by encouraging capital to seek other venues? That miners continue to mine gold because the capital investments and returns are more assured than, say an effort to tap near earth asteriods for thier mineral resources?