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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (3790)9/8/2001 8:44:50 PM
From: Frank Pembleton  Respond to of 8010
 
Jon, gold consumption is in the 4000 t/y range, mining production is 2500 t/y and falling. -- If the ratio moved back to 40:1, it would be silver moving up to the $7 range not the other way around.

I believe most gold mines to operate profitably need at least $400 per ounce, otherwise they become •coms - :)

Regards
Frank P.



To: Jon Matz who wrote (3790)9/8/2001 10:38:33 PM
From: long-gone  Respond to of 8010
 
<<If we saw a ratio of 16:1 with silver at $6, that would bring gold down to $96. A thought I'd rather not contemplate. >>

Aren't all things relative? I'm saying if a new 1500 sq ft home were $22k and min wage were $0.40-0.50 & t-bone $0.40 lb???


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