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

To: Hawkmoon who wrote (26304)	1/15/1999 11:55:00 PM
From: IngotWeTrust	Read Replies (3) \| Respond to of 116764

The intrinsic value is determined by the buyer and the seller as in every transaction. To a hooker, gold is worth about 3 times what a plumber would exchange supplies or services for me. To a drug dealer, its worth about 4-5 times what a hooker would "pay." To you, I probably could exchange gold for, oh, let's say a pencil, hopefully one withOUT a chewed eraser. It's intrinsic value is based upon its availability, convertibility, and its indentifiability, and its durability. 1) it is more rare than copious copies of... <----you name the fiat. 2) it is more convertible than rubles to reales. 3) it is more indentifiable than paper euro to a Papua NG inlander. 4) it is far more durable than the latest flaming fiat faggot. So, yes, Gold has intrinsic value...as well as "beauty." Whatcha got fer sale that I might want to buy w/gold?? O/49r

To: Hawkmoon who wrote (26304)	1/16/1999 8:59:00 AM
From: long-gone	Respond to of 116764

Ron, Even you must admit that based solely on the industrial, medical, and jewelry usage of gold, with an ever increasing human population and a limited supply at some point the price must go up greatly. Even with the advancements in mining technology there are only slightly more than 2 oz for every person on earth. This population is growing every day. The worlds human population currently numbers about 5.8 billion people, and the figure grows by more than 80 million people each year, or around 220,000 each day.1 This annual addition to population is greater than ever before in history prior to the 1980s. It stems in large part from the unprecedented size of current population. The growth rate itself has actually declined since 1970, from about 2 percent to about 1.5 percent today. However, because this rate is applied to a much larger population than in 1970 when world population stood at 3.7 billion people the added yearly increments are larger. If the population growth rate is not reduced further, world population will double by the year 2040.2 1. United Nations Population Division, 1996. 2. United Nations, Long-Range World Population Projections: Two Centuries of Population Growth 1950-2150 (New York: United Nations, 1992). populationaction.org