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.

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

To: Steve Lee who wrote (59739)	5/1/2002 12:28:28 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 99280

they are forgetting how much more worthless paper there is lying around waiting to be converted into gold. all those reserves might not be so big compared to all those clownbux in their various forms -g-

To: Steve Lee who wrote (59739)	5/1/2002 12:30:06 PM
From: augieboo	Read Replies (1) \| Respond to of 99280

I agree that is what would happen and eventually gold would come back down. But that will not stop it from going over the price of production, until production catches up. True, but keep in mind that such low-tech forms of production would also ramp up right along with the price, so I think that time is the limiting factor on how high the price can go. That is, if the price were to spike extremely quickly it could get well ahead of production, but if it ramped at a more moderate rate, it would not. And no, I have no idea how to quantify "extremely quickly" or "moderate rate." <g>