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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: PAUL ROBERTSON who wrote (85216)5/7/2002 8:49:57 PM
From: goldsheet  Read Replies (2) | Respond to of 116834
 
As a commodity, I have always thought gold is worth exactly $335

Anytime it gets above $335, it is usually due to inflation, investment demand,
or other variables other than the primary supply/demand factors.

Likewise, when it goes below $335, it is factors such as forward sales, central bank selling, etc.

If we just had mine production and scrap versus jewelry, $335 would be a very nice equilibrium.
(but it would not be volatile, making it not fun to trade and not fun to discuss)