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

To: Enigma who wrote (97461)	4/16/2004 1:41:14 PM
From: Richnorth	Read Replies (1) \| Respond to of 116922

That should come as no surprise if you recall Greenspan's famous last paragraph:- "This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." in his celebrated essay, "Gold and Economic Freedom." (read it whole at 321gold.com

To: Enigma who wrote (97461)	4/16/2004 1:50:39 PM
From: goldsheet	Respond to of 116922

I was surprised Canadian gold production continues to drop. NRCAN reported 140.6mt in 2003 versus 151.9mt in 2002 I expected it to level a bit given the rise in gold prices. This would make Canada the #8 gold producer in the world, down from #5 in 1991 at 176.6mt, just behind USSR, and briefly at #4 in 1997 at 171.5mt, just ahead of Russia. Top producers in 2003 look like: South Africa, United States, Australia, China, Russia, Indonesia, Peru, then Canada. When final numbers are out Australia may have produced more than the US, and Peru than Indonesia, so there are two possible switches in above order. P.S. World mine production went up a bit 2593mt vs. 2543mt, very close to 2001 record of 2604mt