Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ron Wilkinson who wrote (4265)	12/14/1997 5:41:00 PM
From: Jim S	Respond to of 116753

Have an oar, I'm afraid we'll find out where we are going when we get there. Ron, that's some of the best advice I've heard. Nothing worse than being up that well-known tributary without a paddle. Insofar as eroding the psychological value of a commodity only after debasing the intrinsic value, I'll have to think about that for a while. At first blush, I think I disagree. By definition, intrinsic value cannot be diminished, or it would not be intrinsic. Scarcity and desirability of something increase psychological value. Only a radical change in how something is used can change its intrinsic value (like new ways to preserve meat changed the value of salt). But, I have to admit, the historical predisposition to value gold highly is so ingrained in people that it would be nearly impossible to make it go away completly. Good trading, jim

To: Ron Wilkinson who wrote (4265)	10/31/2001 1:37:02 PM
From: long-gone	Respond to of 116753

Wednesday October 31, 9:08 am Eastern Time Gold market in zone of uncertainty -AngloGold JOHANNESBURG, Oct 31 (Reuters) - World number one gold producer AngloGold Ltd said on Wednesday the precious metal remained in a zone of uncertainty despite signs of a long-awaited recovery. In its quarterly outlook, AngloGold said the September 11 attacks on the United States elicited a traditional move to gold as a safe haven asset -- with spot metal trading above $290 an ounce through to the end of last month. ADVERTISEMENT Gold was around $280 on Wednesday. AngloGold marketing director Kelvin Williams said hopes for a new cycle of gold investment have been fuelled by expectations of a weaker dollar, fears of a U.S. recession, renewed inflation arising from lower interest rates, and the threat of banking crises in a global economic downturn. ``Whilst many of these circumstances would be supportive in model circumstances, we are still in a developing environment where not all of these elements are guaranteed to occur in a conventional fashion, or perhaps at all,'' Williams said. He said analysts had forecast a weaker dollar for the past two years. But the global nature of current economic problems might keep the dollar at current levels -- ``with no material weakening in the near to medium term''. Also, there were strong arguments that the problems facing the U.S. economy would tend to be deflationary, irrespective of U.S. monetary policy, Williams said. "These elements together leave gold still in a zone of uncertainty, although it has benefited from the renewed interest of commentators and analysts. ``A re-rating of the gold price, and a change of market balance in favour of gold in any event would be unlikely to occur in a matter of weeks.'' The sharp rise in the gold price had led to an equally sharp decline in physical demand for gold in India. But Williams said it was encouraging to see little or no impact on other physical markets. ``There has been good buying for investment purposes in Turkey, Thailand and Indonesia,'' Williams said. biz.yahoo.com