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

To: Bob Dobbs who wrote (24977)	12/27/1998 9:29:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 116796

Bob I asked the same question re:(6500 tonnes of annual mine supply) and I am not holding my breath. This figure is hogwash. FYI you can review gold supply/demand trends and other information and research etc on gold at this website: gold.org All the best Tony

To: Bob Dobbs who wrote (24977)	12/27/1998 10:44:00 PM
From: E. Charters	Respond to of 116796

*GOLD* Just some quick, old (1984) figures for perspective. Total Reserves as of 1984 were 39,815 tonnes worldwide including all countries. Resources estimated as of them was 74,650 tonnes. World Mine Production in 1985 was 1465.8 tonnes with South Africa at 681.5 tonnes or 46%. South Africa used to produce about 75% of world/s gold. Canada was at 77.4 tonnes that year for 5.3 % and the US at 66.2 tonnes for 4.5 % of production. Reserve life at that time was 27 years. The ratio of reserve life to cumulative demand was 2.2:1 Offical sales and purchases are miniscule at 85 tonnes in 1984. Most gets used in fabrication at 1212 tonnes in that year. Bullion holdings ran 218 tonnes in 1984. Main uses of gold are jewellry at 918 tonnes, Electronics at 112 tonnes and dentistry at 52 tonnes. Biggest single user is the European Community with US following at half the rate. Value in metal production was 15 billion. Price was $360.00 US in 1984. Value of gold in real terms declined from 1980 to 1985 by 57% ! EC<:-}