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

To: Maurice Winn who wrote (76415)	7/16/2011 10:27:46 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 218118

Production cost is about $300 an ounce. Retail price $2000 an ounce. That is a big gap. I would agree.. And it's one of the reasons I find gold mining to be a misplaced diversion of economic resources that could be better invested in productivity enhancing technologies, or R&D. There isn't much difference in the Fed printing money, or the Gold miners printing money at $300/ounce average production cost. And given this disparity, there is strong economic incentive (profit) for mining companies to explore and mine even more of the stuff. And since China is the #1 producer of Gold, this becomes a new source of foreign revenue for them, as well as a means by which they can reduce pressure on their own currency by encouraging Chinese to own the gold that the state gold mining corporations are producing. And then there is the economic cost to those industries that rely upon availability of gold for use in their circuits. Hawk

To: Maurice Winn who wrote (76415)	7/16/2011 3:28:00 PM
From: carranza2	4 Recommendations Read Replies (3) \| Respond to of 218118

It is unfortunate that you do not understand. If bricks or old mops exhibited the current market behavior of gold, I would be in bricks and old mops. It is about making a profit, pure and simple, and preserving wealth. Gold is just an instrument like many others I don't understand your antipathy towards those of us who have made what appears to be a correct (for the moment) choice. By my calculus, i am nicely ahead. That's what matters. You may disagree all you want with my reasons and thinking for doing what I am doing, but you cannot dispute the fact that since I bought gold for the first time in 2007 when it was at $682, it has gone up considerably. As far as buying shares in a well-run mining company producing the stuff at 300-350 and selling it at 1500, i'll let the market speak to that....originally bought NGD in the 2s, it is now at 11 and change. Your arguments pale when compared to the judgment made by the markets. All your well-crafted circumlocutions, analogies, reasons, criticisms, pointed irony, etc., are irrelevant when compared to the results. It means that you are wrong but refuse to acknowledge your error. If you truly autistic about gold, I should think you wouldn't go on and on about it. Chacun a son gout.

To: Maurice Winn who wrote (76415)	7/17/2011 12:33:10 AM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 218118

<<Gold is a very popular cult now>> gold is not popular not a lot of folks you or i know has any to matter at 2 swimming pools volume, there is hardly any to go around even at price 1600 less 800 cost the 300-400 per oz cash cost is of the old / established mines at the higher gradings 800 is representative 2000+ is needed for new / big mines, and that is why there are not any big new mines no, gold is not popular at all it shall get more popular, then quite popular, followed by very popular, ... insanely popular ... righteously popular ... rationally popular ... life-saving popular 60k/oz should be about do it for insanely popular how much should gold be at, measured by homes on manhattan as and when the usd gets reset? 100:1 or 1:1 or 10:1 ?