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

To: E. Charters who wrote (85426)	5/16/2002 11:50:22 AM
From: long-gone	Respond to of 116796

Moneynews.com Why Does the World Need So Much Gold? Gold withstood a major effort to fall in trading yesterday and gold bugs know why. The Foundation for Advancement of Monetary Education reports that gold is the only commodity where there is more than a year's worth of production supply above ground. Compared with other commodities that house less than six month's supply, like gasoline, oil and platinum, approximately 2,500 tons are produced annually. A degree of skepticism is good for gold, but experts say gold pricing will always remain stable regardless of whether or not gold mines close or new deposits are discovered. Gold is seen as the most efficient way of minimizing transaction costs of transferring wealth geographically over time, writes FAME. Looking back in history, after the Revolution, the dollar was defined as a weight of silver linked to gold. In France, Napoleon stabilized the economy with a gold frank after the French currency became worthless. Even Lenin used the gold ruble after the Bolshevik Revolution triggered a worthless currency. The Foundation for Advancement for Monetary Education questions why Argentina does not use gold as link to its currency to help shore its countries economic plight. Chalk it up to the International Monetary Fund (IMF), which prohibits member countries from doing so. Insiders at the FAME say political leaders often evade discussing this notion when questioned. FAME says Argentina is the future for the U.S. but with a twist, citing when currencies collapse in locales such as Argentina, Brazil, Peru, Mexico, South Korea, and other places, the result is social unrest and a regime change. In the U.S. there is more potential for serious turmoil which would class with our free society. Whether gold ever is used as the standard for the U.S. monetary system or not, gold bugs unite in celebrating the yellow metal's recent popularity. Several financial newsletter publishes are advocating allocating up to 10 percent of investment portfolio's to assorted gold shares. Great Gold War victor Harry Schultz of the International Harry Schultz Letter claimed at one point, "if gold was a woman, I'd marry her."

To: E. Charters who wrote (85426)	5/17/2002 2:55:02 AM
From: d:oug	Read Replies (1) \| Respond to of 116796

Don't Shoot --- White Flag Waving --- Don't Shot E.C. Please help me to see where the forest starts. Just need a few trees. physical gold - heavy stuff using tonnage but then while that solid gold calf existed in folk lore a solid gold ship afloat may have not either way another way to view total gold above ground is needed and i think someone once said it was the size of a cube of dimentions i forget, either 100 feet on a side, or a thousand, or golly lets try another way, these bars that are poured at the mine weight of about i'am guessing 35 pounds please correct me here but we all know what they look like 10 inches by 3 by 2 maybe ok, lets move on and just not go there the ounces and price stuff but just amount using number of these bricks now for sure to calculate the number of these bricks that would exist if all physical gold above ground was collected melted and stacked together would become that solid structure of a cube to help me get a visual picture, but its really the number of bricks total i need so that it can be seperated into piles Reminder: only above ground gold already mined & refined ok, as i'am just trying to get a degree of sanity here now, assuming the central banks of 10 nations hold 90% of government "owned" gold, and a big percentage exist as jewerly, and most likely private ownership is the smallest ok, but lets assume that gold jewerly in places like India and the Middle East really is 24 carrot chunky stuff so that private ownership can really become a large percentage of total above ground gold, and i guess some nations in the Middle East that buy using the office of the government is really private ownership. ok, let me end this babble and get to my pointed question how many total bricks exist how many bricks exist in each nations central bank how many bricks exist as gold jewerly NOT suitable for a melt a.k.a. America's cheapo stuff how many bricks exist as gold jewerly suitable for a melt a.k.a. India Middle East wealthy folks how many bricks exist for trading i.e. selling & buying a.k.a. this i'am clueless on, but know it determine price of gold or simply the supply demand equation ok, and now i will bet you 1,000 chocolate fudge donute holes that if the central banks say they hold 1,000,000 of these bricks that 3/4 of them exist as donute holes or, only on paper with, some on toilet paper so, fear not for new gold discoveries inside Mother Earth as even if it could be mined all by April 1 All Fools aDay it would not equal amount needed to re-fill them central banks ok ? but really, how many missing bricks do these central banks have or, how many bricks needed to fill those donute holes? and how many can be mined for the next 12 months ? all done thanks d:oug