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

To: Serge Collins who wrote (20894)	10/6/1998 9:29:00 PM
From: Serge Collins	Read Replies (2) \| Respond to of 116822

By the way, one positive note. Lou Dobbs on Moneyline (CNN) reported tonight that Congress has approved the IMF funding. Can anyone confirm this.

To: Serge Collins who wrote (20894)	10/6/1998 9:38:00 PM
From: goldsnow	Respond to of 116822

>>What is your response to those who say, with some justification, that almost every ounce ever produced is still in circulation.>> How much Earth population has increased since first ounce of Gold came to the New World?

To: Serge Collins who wrote (20894)	10/6/1998 11:37:00 PM
From: Andrew	Read Replies (1) \| Respond to of 116822

There is aprox 4 Billion ounces of gold which has been brought out of the ground, that leaves less than one ounce for each person. Just a thought. Andy

To: Serge Collins who wrote (20894)	10/7/1998 12:35:00 AM
From: cAPSLOCK	Read Replies (2) \| Respond to of 116822

What is your response to those who say, with some justification, that almost every ounce ever produced is still in circulation. And those who claim that every spike in the price of gold acts as a magnet for sellers and not as an attraction for buyers. Well I know you werent asking me but Ill tell you what I think anyway. :) Perhaps your first statement is true. I do not know. But how many more of us (humans) are crawling around on the earth today, than ever before? And the point can only matter with something that there is a limit on. There is only theoretically so much gold. Paper can never compare. As to the second statement. It reminds me of the worn out old saw: Where ever there is a seller . . . there is a buyer. The trick is to be on the right end of the equation. Plus gold has never been what paper has become. I only expect to make big money on gold when, and if, it does a STRANGE thing. At least in relation to volatile paper assets. At the turn of the century 1 ounce of gold would buy you a nice suit. It still will today. It is the UNUSUAL periods of history where paper, and other flamible (or rusting, or bug eatable) investments get so out of whack that it looks like gold is doing a strange thing. I believe that gold is (for the most part) simply remaining constant. Thus its time proven 'safe haven' position in economies. Is that era over? That is the real debate. I think not. Without it's weight (density), limited supply (whatever size), mallability, and portability, I would say it might be indeed a new era... Plus, if we really are to enter a new world where gold loses it's value, I would contend that paper assets will also be of little consequence. cAPSLOCK

To: Serge Collins who wrote (20894)	10/7/1998 12:52:00 AM
From: Enigma	Respond to of 116822

SC - I have heard it said that 90 % of all the gold ever produced is still in circulation - I have no idea of the figure. I think you miss the point if you think gold is held to earn interest - it never has been - it is as I said a store of value and medium of exchange. You don't hold money (notes) to earn interest. I should have added re the Holocaust victims that the gold was melted down into bars and much of it went to Switzerland to finance German trade. Hence the continuing debate re that notorious episode. E