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

To: Claude Cormier who wrote (67369)	4/8/2001 6:16:18 PM
From: goldsheet	Read Replies (1) \| Respond to of 116764

> The reality is that gold has been the most stable currency of all I think gold can be a more stable currency in the future than in the past. The supply shocks of the 1849 California Gold Rush, and later South African, Australian, and Yukon rushes are gone (history!) In hindsight, they were relatively small compared to more recent history - almost 50% of the 4 billion ounces mined have been produced in the last 40 years. There may be only about 6 billion ounces available on the planet and we already have about 2/3's of it. We are getting closer to the finite quantity of gold available, with only about 2% added per year, and no major finds on the horizon to cause supply shocks.