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To: yard_man who wrote (169422)	5/31/2002 4:48:54 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

Huh?! Man, you are beginning to sound like my professors. Of course, I don't think they ever used the term p/e ratio, as it was not theoretical enough for them. <g>

To: yard_man who wrote (169422)	5/31/2002 5:27:44 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

Fact is, in reality, to get gold you have to dig it out of the ground. That costs money. If the mining industry has had a severe bear, lots of less efficient capacity is made redundant and the folks move on. When the inevitable correction occurs there will be a temporary shortage. Put some shorts and clowns into the equation and you have a nice volatile market that should eventually correct to the upside. There may some big spikes to the upside too. -Yes all the gold ever mined is still above ground. The world population has increased too though. -Fiat money, in my estimation, is going to get one hell of a knocking. The financial "monetary scientists" will acquire "quack doctor" status. -Contrary to the utter B/S spread from (imho) ignorant misguided "financial experts" gold and it's cousin silver are very useful and valuable commodities. The gold/silver mining industry is (imho) in the position now where semiconductors will be in a few years ... Completely oversold and at bargain basement prices.