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 : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (2862)	2/21/1999 10:50:00 PM
From: Claude Cormier	Respond to of 3282

Syncrude, <<Gold no longer plays as much of a role it used to because of the growing supply. It is no longer as rare. >> There is not a lot more gold now than there was some 30 years ago... 30-35% more at best. The growth rate is similar to the growth rate of the world population. IOW, the supply is rather constant and is only 30-35% higher than it was 25 years ago. On the other hand, the potential demand is explosive and is really proportional to the explosive growth in the world currencies that can buy this gold. It may be latent at the moment, but this can change any time. There are more people with money that can and will buy gold when the conditions are met. Gold is still view as a monetary reserves.. and in time, its price will reflect the imbalance created over the last two decades.