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

To: Giraffe who wrote (24378)	12/16/1998 1:19:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116932

Giraffe, I hate the idea of bombing as much as you do, but your wrong about the impact of bombs(and missiles more so) on the price of gold. As each missile is fired(or smart bomb dropped) gold is used up, as the electrical contacts inside gyro pick-up points are gold. Most of the mil-spec IC's in water based military are wire bonded with inside the individual package with gold wire. Last figure I knew was 1/10 oz gold with-in each H.A.R.M and Cruise missile. Many Air-to-air missiles are even (slightly) more. The effects of war are often felt more heavily in silver, though. Even in today's modern army, the resolution can not be achieved with electronic over traditional photos when operating in IR. Also, as sorties increase, the number of X-rays increase to assure fitness of the airframes based on number of hours flown. Even as good as ol 49er may be at recovering gold, I can't see the economics in sifting through the entire building (or street) for 1/10 oz. richard

To: Giraffe who wrote (24378)	12/16/1998 2:10:00 PM
From: long-gone	Respond to of 116932

You know, The current Wall Street logic concerning lack oil price changes due to lack of targeting of oil wells in Iraq also is in error. While I agree there may will be no reduction in the supply side of the oil equation, Wall Street is failing to look at the demand side! Has anyone checked out the gas mileage of a jet fighter or bomber? While JP fuels come off earlier in the process than gasoline, they both use up barrels of oil. I believe a B-52 gets around 30 Gal per Mile when fully loaded during full throttle please feel free to correct this if I'm wrong.