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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (1612)10/26/2005 6:26:34 AM
From: TobagoJack  Read Replies (1) | Respond to of 218068
 
Hello CB, Saw same articles in IHT, the sister publication, and I am in full agreement that all gold mines should be shut down. The action would help the cycle progress along, with many consequences, not all of them intended.

Of course I am unsure of what the same logic would do to other types of mines, and also, a ban on gold trade will of course be not practical, and will make copper mining costly (no gold ingots to support the same mines' fixed cost, etc).

I suppose folks can come up with a more costly but also cleaner way to mine gold. I would support such an initiative as strongly.

There is always the route of enhancing central bank gold sales as a way to depress gold price and encourage the shutdown of mines, but that would destitute many, and is politically difficult to arrange.

Chugs, J