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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (59721)	5/1/2002 12:16:43 PM
From: the_wheel	Respond to of 99280

Essentially this is what happened. SV needed more tech consultants, so they were imported from India. VC needed more internet companies, so they were created. Supply met demand and drove the stock prices for internet companies and salaries for tech companies to a marginal rate of zero. Should gold price go moonshot, we would mine more of it. Trouble is , it is several orders of magnitude more difficult to get a permit to build a gold mining or desalination plant in the NW than it is to import workers or create new corporations. Also, takes quite a bit longer bit of time, I would say ten years to get approval. Thus, the mining would have to occur in the third world, where regulations and political dissent is not as harsh.

To: Steve Lee who wrote (59721)	5/1/2002 12:17:40 PM
From: westpacific	Respond to of 99280

Steve, remember ONE THING ABOUT GOLD, ""There is no fever until you have seen gold fever"" That one must not forget in analysis of were gold is going or could go!

To: Steve Lee who wrote (59721)	5/1/2002 12:22:44 PM
From: augieboo	Read Replies (2) \| Respond to of 99280

There are many stocks that should be at higher or lower prices if logical arguments like you present are followed. But those logical arguments do not get followed in the world of stocks, so why is it different for gold? But this logic does get followed in the world of stocks. They are both governed by the "law" of supply and demand. If fear of economic disaster is the driving force, then where will be the organised labor and machinery to build such a gold extraction plant? From greed, of course. I don't know enough science to comment on Zeev's extraction theory, but I know enough about greed to say that if gold were even to approach $800 per ounce -- let alone $1000 or $1200, large areas of the world would become open pit mines overnight. It's already happened to huge areas of the Amazon. As for machinery and organized labor, the only machinery used, in many such mines, is picks and shovels, and labor is kept organized at gun point. augie