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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (10896)	5/9/2006 3:22:02 AM
From: E. Charters	Respond to of 78426

It is easy to romanticize gold and diamonds. One can just as easily say they are useless glister and baubles of glass, of no value to anyone. Walk away from their marketing and declare the whole pursuit of mankind as evolved away from to higher pursuits. But the reality is there is a primitive atavistic market. It exists. For whatever reason, we are not sure. But mouth breathers wants diamonds. Like cave men they cling to brilliant golden things. Baubles that glisten empty their wallets and they chase golden dreams of far off places and whispering circes of glinting enchantment. Their minds are stuck to skeins of marketers woven tales of bliss misplaced in their metaphysic metaphoric minds with conjoinned senses and slips of association. The good life is gold and glass. Why diamonds? Silk? Saffron? Ivory, Jade, A Van Gogh? Who the hell knows? Argue with a billion people who follow a crowd. Is their palate of value more educated or ours more jaded? Are they fooling themselves? Who is the cave man? Which cave do we hail from? So a question arises from the daily hubub. Why do grown men put sailboats on oak desks and topple them when a sale exceeds a buy and then fix the price of gold amongst their friends twice a day in far off Londinium amidst the trash of Thames? And in NY town an exchange exists among august thieves to hourly chime the price of metal. The Hang Seng a world away signals round the world the price of yellow metal. Why? Who are the shadowy men who trade in gold? 75% of the metal is finally used by jewelers. Italians make most of European jewelry. It follows that Italians must beat and melt 1500 or more tons of gold per year. If you want to find out what happened to your gold you mined, ask an Italian. As far as I can tell, they don't. A paltry 25% gets bought by banks. Why? Because they want to be able to sebtle debts at whatever price their $ is. Countries used it as a medium of unarguable exchange for 500 years after silver. Plundered continents for it and enslaved nations. It did not burn. 4 times in China's history it has had disastrous economic times. Reason? Troubles with paper money. France and England had famous economic failures in their past. Reason? Too much paper got printed at one time. EC<:-}