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To: goldsheet who wrote (93500)2/8/2003 8:45:03 PM
From: marek_wojna  Respond to of 116801
 
<<[my comment: the gap continues to get filled and central
banks will remain a significant feature in the market]>>

Another factors to consider: cooperation of the world central banks might the thing of the past very soon. Growing divisions, open confrontations between very powerful countries so far taking place only on political arena, yet I don't remember that kind of diplomatic language taking place since 70's. We have a good chance a totally new world might emerge soon. The POG never looked back after French loaded their planes with American gold.This was one of the best investment France ever did.



To: goldsheet who wrote (93500)2/8/2003 9:34:23 PM
From: IngotWeTrust  Read Replies (3) | Respond to of 116801
 
B Johnson pens: >>Gold scrap flows responded to higher prices, rising 14% in 2002 to 778 T, or 23% of total supply. This was the highest since the Asian Crisis of 1998. We regard the rising price elasticity of secondary supply to be underappreciated. <<

[[B.J.'s [my] comment: I frequently have mentioned scrap as the biggest
and highest grade gold mine on the planet, and it continues to have
a significant impact - higher prices bring out more scrap.]]

****************
My comment: thanks for sharing those words of affirmation. I LOVE laboring in the highest grade goldmine on the planet ... even tho' I get trashed for it frequently as GPM's ignoramous Tony H most recently droned hereupon...
Doing my best to increase above ground supply every chance I get.<g>

Assuming the 778 T was short tons, Bob, that means the company website is outdated...it only speaks to annual DISCARDED gold supply at only 18 million oz. annually. Your generous and timely update means the webmaster will get to change the homepage number to the fresh number: 23,230,000,000 ANNUAL DISCARDED OUNCES!

NOW THAT'S A GOLD MINE...23,230,000,000 annual production as of 12/31/02 GFMS latest numbers! Y'all are invited to see the new wording which will be up as soon as the webmaster gets my email. Proud to be a miner in THAT gold mine!!!!!!!!!!!!!!!!!!

HEY TONY....UP YOURS!!!!

YEEEEEEEEEEEEEEEEEEEhaw

Thanks, Bob!
gold & platinum_tutor
members.aol.com



To: goldsheet who wrote (93500)2/8/2003 10:00:02 PM
From: long-gone  Read Replies (1) | Respond to of 116801
 
<<Often have said that hugh increases in
investment demand, even a doubling, have a difficult time
offsetting a drop in jewelry demand - it's a big dog]>>

Hugh needs to invest more? ;)