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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (672)	8/27/2001 9:32:03 AM
From: Box-By-The-Riviera™	Respond to of 36161

makes me nervous when anybody talks about the "precious" stuff <vbg> thanks

To: Roebear who wrote (672)	8/27/2001 11:33:24 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

Hi Roebear. Very important fundamental trend in the article that's a harbinger of gradually declining gold mining output aka lower supply for the supply input to the supply/demand equation for deriving the gold price trend. "With gold prices as low as they have been, producers’ investment in gold exploration plunged from $290 billion in 1996 to $100 billion in 2000. That is expected to result in a 40% drop in mine production over the next 15 years, Crocker says." By comparison, what do you folks out there think the odds are that the supply of fiat paper money will likewise decline by 40% over the next 15 years?<G> Isopatch