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

To: goldsheet who wrote (89082)	8/25/2002 2:21:38 PM
From: IngotWeTrust	Respond to of 116753

While I can understand YOUR desire to be protected from our govt instead of the marri-g-waana growers, you've never been stopped at gunpoint, traipsing through a forest, or along side a stream just looking for a place to hunt or goldpan or whatever by them mari-greenies, have you? Damn sobering experience... The govt is at least a tad more subtle basically only holding us up per paycheck and on April 15th to name a few... As far as the taxpayers picking up the tab, of course we do! And we always have, when it comes to mopping up after a war, be it internal mari-grower war or external, muslim grower war. And we always will, and I just keep shelling it out because my share of that tax supported operation is a necessity! It is a shame that it takes so long to get the fire ravaged family back into homes, tho'. Must be another bureaucratic bundle of redtape, huh! g_t

To: goldsheet who wrote (89082)	8/26/2002 4:28:27 PM
From: long-gone	Respond to of 116753

But if Bush(or any other elected officials) wanted to stop the "war on drugs" would they be allowed under the current political reality?

To: goldsheet who wrote (89082)	8/29/2002 2:53:24 PM
From: goldsheet	Read Replies (3) \| Respond to of 116753

Finally, someone who agrees with me <grin> If gold supply did not drop when prices dropped, then why would anyone expect it to drop now with prices $50 higher and predicted to go even higher ? 'Gold supply won't dry up soon' London - Investors in gold who are counting on a sharp fall in mined bullion supplies to raise prices may be disillusioned, metals analyst Kamal Naqvi said on Tuesday. Several industry studies have forecast a substantial decline in gold mine production over the coming decade, fuelling hopes that prices would reach further heights after this year's rally, which was based on safe-haven investment. But Naqvi, of Macquarie Research, said the profit margin for miners on gold was attractive enough compared with the margin on other metals to ensure that gold extraction would not drop drastically. "Given current gold prices above $300 an ounce, an average cash margin of $50 an ounce or 20 percent is attractive compared with other mine production," he said in a report. One of the bullish arguments for gold is that as exploration for new mines declined during the long downturn in prices, mined gold supplies will fall in coming years, helping the price rally to continue. Toronto-based mining investment banking and research firm Beacon Group Advisors has predicted that global gold output could plummet by nearly a third by 2010 unless higher prices motivate miners to start exploiting as yet untapped deposits. Industry consultants Brook Hunt see gold production falling by nearly 12% from 2001 levels by 2006. But Naqvi said such forecasts could prove exaggerated as it takes years for miners to commit irrevocably to new projects. "The reality is that most long-term projections of mine output for metals suggest a massive reduction in total production," he wrote. "However, as these years draw nearer then actual production tends to be considerably larger." He did agree that even with all possible projects factored in, miners would still face challenges in maintaining their current levels of production over the next few years. But he said hopes of an imminent and massive decline in gold mine production to boost prices would be dashed. REF: news24.com