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

To: Tommaso who wrote (2454)	10/25/1997 3:54:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 116857

Tommaso--Well, you bring up an important point--gold was regulated by world agreement for some time. Remember $35 an oz.? I remember my Grandparents telling me of turning their gold in the 30's. Once gold was allowed to be free-market traded, inflation and budget shortages started worldwide, because there is nothing to check govt. waste and overspending. So now they have brought us a realestate/equity/debt bubble the likes of which the world has never seen. We are on the razors edge of either inflation or deflation. The only sure thing is things are going to change with a jolt. Gold from seawater is as dead as gold from sand. I would equate both to making oil from coal. No financial reason to do it, other than to sell stock. WJ

To: Tommaso who wrote (2454)	10/25/1997 8:31:00 PM
From: Richnorth	Read Replies (1) \| Respond to of 116857

You wrote "What will really cut the price of gold is a process to remove it from seawater. An effort on the scale of the Manhattan Project could probably do this and cut the cost to $50 an ounce." The extraction of gold from seawater will not be technologically feasible for another 50 years, given the present rate of progress in research for the production of energy by nuclear fusion. Even when the technology becomes available, the energy requirements involved may give rise to a slew of unexpected problems which might necessitate only very limited production of gold from the seawater. IMHO, if an ultra high energy becomes available, scientists and engineers might find it more practical and beneficial to extract from the seawater, heavy hydrogen (deuterium) for use as a pollution-free fuel.