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

To: Ironyman who wrote (93792)	2/25/2003 11:58:42 PM
From: goldsheet	Respond to of 116779

Gold production, however, is not stopping and remains pretty steady at 2550mt, more than double the level of 20 years ago. Dire predictions of production cuts made when gold was at $250 do nor seem valid at $350. I thought they were absurd when they were made. There are still lots of reserves available (over 700moz) and resources that will get moved into the reserves category. Gold is valuable and lots of new firms and new projects will see the light of day in the next 5 years. I'm long-term BULLISH on gold, but think we will see a huge exploration boom taking us out of the decade producing over 3000mt (the gloomy folks are calling for 1800mt in 2010) Gold production is still increasing faster than world population and the amount of gold available per capita is rising. goldsheetlinks.com