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To: regli who wrote (34685)	8/2/2005 7:35:47 AM
From: el_gaviero	Read Replies (1) \| Respond to of 116555

Also, another point: I have been wondering if the rising cost of energy leads to a RELATIVE price change between gold bullion and gold mining companies. My thinking here is straight forward: gold mining is energy intensive. The process of getting gold out of the dirt, and into a nice pure form, becomes more expensive as the cost of energy rises. On the other hand, gold that is already here --already liberated from the dirt -- doesn't have this problem. If you do a thought experiment, you can see what I mean. Suppose the cost of energy zoomed towards the infinite. If this were to happen, gold in the ground would become worthless. On the other hand, gold in the vault would become ever more valuable, because it would be the only gold available.