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To: Tommaso who wrote (2480)10/26/1997 9:13:00 AM
From: goldsnow  Read Replies (1) | Respond to of 116873
 
Tommaso, for investment purpose a producer of any product is better be efficient, would'nt you agree? And that what is happening. Stock prices of expensive and "inexpensive" mines are already factored in their respective valuation and cost of production is no longer a major criteria. For exploration purpose the quality and reputation of the CEO and his team are the major criteria when looking at the juniors. For mining purpose only fenomenal projects would come into development at this stage and that means few.
Let supply and demand to play out. This is no different than drop of AMAT (Applied Materials to $22 last year with subsequent metioric rise to $108) The lower the price of POG the better it is for selective juniors and more bullish for the industry. It is no different than more weak or unfortunate zebras are killed by lions the better it is for the herd.



To: Tommaso who wrote (2480)10/26/1997 6:37:00 PM
From: long-gone  Respond to of 116873
 
Tommaso,
please let me respectfully disagree concerning the arthritis treatments. quite a bunch is often used by a sufferer during a lifetime! my NDR-97 lists maintenance dose as 25-50mg each 3-4
weeks (up to)indefinitely. this indefinitely stuff can really add up,
times 25-35% of current U.S. pop.- times maybe 30 years.
richard



To: Tommaso who wrote (2480)10/26/1997 9:47:00 PM
From: Richnorth  Read Replies (1) | Respond to of 116873
 
Gold needs no "demystification." Since time immemorial, it has been regarded as a store of value, and it continues to be regarded as such regardless of its detractors! Gold's beauty and its inertness make it most apt as an everlasting prized asset. Gold's remarkable malleability and ductility and reflectivity have enabled artisans through the ages to craft, out of gold, objects of exquisite beauty. And, as the poet, John Keats, has written, "A thing of beauty is a joy forever!" So why knock gold? Also gold, because of its remarkable electrical conductivity and other desirable properties already mentioned, is used quite extensively in the manufacture of electronic components/gadgetry/equipment and other things that require the special properties of gold for them to function effectively. Of course, everyone knows the important role that electronic equipment play in our daily lives. Beyond a shadow of a doubt, gold is here to stay. It is not simply just another form of matter: it is an essential element (perhaps a sine qua non) of our civilization which will be reaching for the stars in the next millennium!

The aura of importance of gold as a thing of beauty and as an eternal store of value is, imho, so indelibly etched in the psyche of homo sapiens that no amount of propagandizing/manipulation, to the contrary, on the part of self-serving or so-called new-era governments, will succeed in dethroning gold's importance.

Why do some people seem to like telling others that gold is "just another form of matter?" Is it because it suddenly seems so cute or fashionable or ultra-modern or so new-era to say so? Or perhaps it is nothing more than merely attempting to expand/elevate the consciousness of others regarding gold's eventual relegation to being a common commodity.