Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (26604)	1/20/1999 11:50:00 PM
From: ali	Read Replies (1) \| Respond to of 116764

Ron, <And higher gold prices would severely impact those industries, namely electronics, which relie on an inexpensive price for gold. The price inflation in electronic products would soar as well and stunt the expansion of productivity enhancing technology industries.> I beg to differ with your opinion here.Higher gold prices would NOT impact industries namely electronics as the gold used in them is minuscule on a per piece cost of each item.Bet the cost of advertising alone is a way higher than any gold used in them. Even in jewelry the cost of an item is based on material,labour,distribution cost and taxes and the gold cost does seldom make up more than half the cost of the item.So, to say that an increase of 100% in the gold price would adversely affect the cost of an electric gadget by any great extent is just not so.Same with the use of palladium in cars.Would you think they would not use it any more or sell no car any more if palladium goes up another $100 per oz. if 1 ounce is good for more then 100 cars?