Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (13378)	2/13/2002 1:11:28 PM
From: goldsheet	Read Replies (2) \| Respond to of 81904

<I don't think one has to invoke conspiracies to account for the weak gold price. Anyway, one hopes with the new "cartel" that's coming into being that they will slow the production down a bit. > I've been saying for the last five years gold production was going to keep rising, and is just now is starting to go flat. Every essay one reads predicting gold will shooot to $500 ($1000 in Hathaway essay) says world production will go from 2600mt now to under 2000mt (the Hathway/Meridian chart looks like 1800mt) by 2010. Meanwhile, I was thinking 2250mt or so would be much more reasonable. I recently found a GFMS prediction for 2392mt in 2010 (a little high ?) Gold production should double in places like Mali, Tanzania, and Argentina. One is going to hear more about Uzbekistan and Kazahastan gold. Gold miners and mines are not all going out of business, the stuff is still valuable even at a lowly price like $300 per ounce. I wonder if those currently concerned about conspiracies, cartels, and manipulation of gold prices downward will be as concerned about "new cartels" of mining companies restricting production in an effort to manipulate prices upward. Isn't manipulation evil regardless of the intention, up or down ?