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

To: Bucky Katt who wrote (2469)	10/25/1997 4:23:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 116877

Actually there are plants in South Africa right now making oil from a suspension of coal dust in oil that is hydrogenated, and the Germans made gasoline that way during the Second World War. But as you say, a project to extract gold from seawater is impractical. I just meant that if the US Government set aside ten percent of total GNP to do such a thing, the scientists and engineers could probably do it--and after enormous investment produce enormous amounts of perfectly useless gold. I just had my computer automatically restarted as I was in the middle of a message that I assume did not get posted, mentioning the seizure of private gold in the 1930s and the prohibition on owning gold abroad that Kennedy imposed on Americans in the early 1960s. The speculative bubble when gold was again privatized was, I think, a one-time thing like any other famous craze, however, and efficient gold mining methods will keep the price down. I just think physical gold should be considered purely as a defensive thing own. Real estate is a better inflation hedge--provided its price is not already inflated. Like you, I think a huge bust is ahead. Gold mining stocks may be one of the safest hedges in case the fed inflates (which may have already started, to judge from M2 and M3 figures recently). If the coming stock market contraction initially drags gold stocks down with everything else they may be a real bargain. Which is why I asked a few days ago if anyone had any favorites that I could start watching, for which I have been rebuked. am calling this back up to add a link to a message on another thread: exchange2000.com