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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (14849)	2/11/2002 2:16:15 AM
From: marcos	Respond to of 74559

'>>In a previous post you say if the PoG rises then so will production .... well sure, for a while ... then where will producing majors get their reserves? .... they've been creaming them in the low-price environment, every day bigger holes in ground and less metal ... gold is quite rare on this planet<< Unfortunately that's just not true. The higher the POG, the more gold is economically recoverable. Supply will inexorably rise with rising price.' What's not true? ... you might consider reading my words again ... are you saying gold is not quite rare on this planet? .... if so then, um, compared to what? ... may i gently submit that it is a whole helluva lot rarer than paper money, lol ... and in case you think the majors have endless reserves at anywhere near this PoG, check these figures - pdg - #reply-16040777 asl - #reply-16041574 nem/bmg - #reply-16041987 au - #reply-16043124 abx - #reply-16044654 hm - #reply-16045440 ndy - #reply-16047869 cbj - #reply-16064249 sgw - #reply-16064698 <-- [David, Sons of Gwalia] '>>In another post you ask what caused PoG of 800US in 1980 ... speculation, that's what<< Also not true. Speculation probably caused the blowoff to $800, but the initial momentum was created by high inflation and a 25% collapse in the value of the US$. This was explained very well by another poster a couple of posts ago. These conditions are conspicuously absent in the US today. ' Um, i may have to think about this - first i say speculation caused 800, then you say 'also not true', then you say immediately following that latter, and i quote, to wit - 'Speculation probably caused the blowoff to $800' ... so if it is untrue that speculation caused 800, how can it then be true that speculation caused 800 ... oh man oh man maybe i'm just not up to this internet chat stuff after all People are already using digital gold, you know ... sure it has disadvantages, but it has advantages as well, and some like it, go figure .... i'll be trying it one of these days But juniors ... ah, juniors is the place to be for me - #Subject-52403 Somewhere, over the rainbow way up high there's a drillbit a-turning oh me oh my oh my

To: AC Flyer who wrote (14849)	2/11/2002 9:55:07 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Maybe American economic conditions are not so important to the price of gold. Japan seems shakier than ever. We could have war with Iraq some time this year. Heard something strange on NPR's Market Watch last week - banks in China are a disaster waiting to happen, worse than Japan but a better kept secret. None of which would be that big of a disaster in the US but would be disastrous where they happened, so Japanese, Chinese and Middle Easterners are buying gold. Foreign exchange gives me headaches but apparently depending on the currency gold has been a better deal in other countries than in the US. If any currency is being manipulated, my guess is the South African Rand. The rand is one of the most undervalued currencies in the world - which makes labor in South Africa cheap, which makes gold production cheap. If the rand returned to parity with the dollar, gold production would be much more expensive. Which would make the cost of gold go up. Would that also make the price of gold go up? Or does it work the other way - if the price of gold goes up then the Rand goes up?