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To: teevee who wrote (24995)	12/28/1998 1:56:00 PM
From: Bob Dobbs	Respond to of 116950

Teevee: I'm still curious about the 6500 ton per year production figure. What is your information source? Which companies are underreporting? Which companies and/or countries produce 3x what is reported? Thanks. Bob

To: teevee who wrote (24995)	12/28/1998 3:34:00 PM
From: E. Charters	Read Replies (1) \| Respond to of 116950

This is not true. There is no threefold increase of private gold mines over public ones. Unless you are talking South Africa and most of their mines are now public. The production of gold is not a useful secret. The only value of it is in sales and this is reported as other gov'ts and banks and people have to buy it. I don't know of a single private gold mine in Canada. There are a couple of outfits in the states but there output is dwarfed by publically owned mines. My stats are from Minerals Handboook, Phillip Crowson, Stockton Press. I am sure if the authors had known about private sources they would have included them. If they are egregiously wrong then I suggest yuou write them and inform them. It might help if you quote your sources. What may be misleading you is that most of the world's gold is indeed in private hands in countries like France and India. Other gold hording nations are the Asian ones with an unknown amount of gold actually. It can however be estimated as production is low and for centuries was mostly placer. Most new gold gets used for jewellry. In many countries this is a form of hoarding and sequestering from confisticatory governments. Don't look for India's new gold deposit fund to have much success as people horder gold because they don't trust governments. EC<:-}

To: teevee who wrote (24995)	12/28/1998 4:10:00 PM
From: baystock	Respond to of 116950

<< Many of the largest and richest and longest lived gold mines in the world are privately owned.>> Hi Tevee, This is new but valuable information to me, if true. Can you please name me a couple of such mines, including what their yearly production is, so that I can try to verify this ? Thanks.

To: teevee who wrote (24995)	12/28/1998 7:54:00 PM
From: long-gone	Respond to of 116950

Name the name of your major gold mining company - please.

To: teevee who wrote (24995)	12/29/1998 6:53:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116950

I see you like Hutch refuse to post everything in the public domain. If you had bothered the really read the article supporting the data I listed, you might well not have even attempt such statements. You stated that the WGC has every reason to promote data, the numbers reported were an "improvement to near prior levels". If the WGC was going to attempt reporting something less than the truth, would they not at least throw about a demand higher rather less than the prior year? Read, think, then(and only then) write. In closing, if you wish to use data to support your position, please list the source and date. rh