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

To: Claude Cormier who wrote (74093)	7/27/2001 8:49:03 PM
From: goldsheet	Read Replies (2) \| Respond to of 116762

The rate of gold production over the last 20 years has been impressive (without worrying about the exact numbers) It does, however, relate to our other conversation, IF there are 700moz in reserves at a production rate of 80moz per year, will we run out in 9 years. Will the price rise and mine another 700moz of currently uneconomic resources in 9 more years ? Will there be no mining companies left in 20 years ? I understand your point regarding fiat currencies, but folks still seem to prefer them (especially the $US) to gold. Someday, I know it will change. I have been trying to make a bullish case for gold since the summer of 1999. I was firmly convinced then $250 was the bottom, leaving sideways and up as the two remaining directions. Unfortunately, all the data led me to sideways ($275FMV +/-$25) as the most likely direction for the last two years, and probably for the next two years. You have known me for over a decade and know I have the ability to be a gold bull, but I just can not do it (yet)