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

To: RJA_ who wrote (56792)	10/23/2009 4:02:03 AM
From: energyplay	Read Replies (2) \| Respond to of 217574

Good questions - get 2 oz per month - no, more like 0.5 oz. in most locations. My estimates of the number of people may be way too high. Consider that at 10K per ounce in today's dollars, many uneconomic sources become good deals. Every pile of mine tailings that hasn't been heap leached will be processed. Even the ones at Bodie State Park - trucks will sneak in at night and load up. About 1/3 the streams in the western US have some gold. There are large numbers of "dry washes" with gold - you have to dig for it, however. There are about 40,000 abandoned hard rock mines or prospects in California, and the total for all the Western US should be about 150,000. About 100,000 of those are gold related (SWAG) I expect about 1 to 1.5 million people in the US could be involved. Canada has huge resources, but will be seasonal. Mexico and Peru, New Zealand, Australia, China, New Guinea, Philippine, South Africa. Maybe a better estimate would be about 50 to 100 million people digging up gold worldwide when the price is over 10k. And every existing mine will be running flat out, three shifts.

To: RJA_ who wrote (56792)	10/23/2009 8:57:27 AM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 217574

global gdp around usd 70 trillion per annum monetary gold in reserve at 30,000 tons or 1.058 billion ozs (1/5 of all that was ever brought to surface), or usa total obligations, funded or otherwise, usd 74 trillion +/- etc etc etc take portion of global gdp and global debt (whatever that number is) or take portion of global gdp and usa obligation or whatever usd 60k / oz gold fits forget using 'money supply' as lots of paper is supposedly money, all less than useful post zero-state reset unless backed by gold at some ratio or paired with gold sinking fund at some material percentage that is what must happen when all faith in paper fiat currencies is lost and when they must be re-engineered and re-launched, promising to be faithful, for around 12-18 months