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


To: E. Charters who wrote (68857)5/8/2001 2:47:22 PM
From: long-gone  Read Replies (2) | Respond to of 116756
 
<<We are producing waymore gold than we used to in the 70's or even the 80's. (About double) If all the producers got together in a biggie conference and decided to cut way back on production, they could drive the price up substantially and save on costs. Basically we need to produce about 1/2 the gold we do now for the next 4 years. >>

Is not the demand also greater and soon to explode due to China?



To: E. Charters who wrote (68857)5/8/2001 3:08:18 PM
From: marek_wojna  Respond to of 116756
 
<<We are producing way more gold than we used to in the 70's or even the 80's. (About double) >>

Producing hundred times more printed paper too.



To: E. Charters who wrote (68857)5/8/2001 4:14:52 PM
From: Claude Cormier  Read Replies (1) | Respond to of 116756
 
<What it amounts to is a transferable share in the gold on deposit. It is in his name on paper so that it cannot easily be transferred or stolen. When it is electronically transferred of course it is wrapped in his public code so it cannot be stolen.>

Hello Eric,

The infrastructure is pretty much alreay in place.

goldmoney.com
e-gold.com
digigold.net
webfunds.org

Claude