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

To: Zardoz who wrote (86393)	6/4/2002 11:33:07 AM
From: E. Charters	Respond to of 116764

Ok we have heard the attitude. What is the reason? Gold will go low. Oversupply. Demonstrate with reference to historical precedent that in times of severe oversupply, (The Spanish Colonial Era, the California Gold Rush, The Yukon gold Rush, or the South African gold mining development (the largest gold rush of them all)) -- that gold price fell in real or present terms. Well did it? Is the 1980's gear up of gold production and subsequent doubling of gold supply since the late 1960's equivalent to any of these historical gold inundations? I would suggest that the money supply has outstripped the gold supply and the population by a factor of perhaps 5 since 1980. EC<:-}