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: Ironyman who wrote (29855)	3/12/1999 5:30:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116759

Eric, Technology has affected the price of gold exploration as well. And the only reason that their isn't a gold glut is because the CB hold 14 years worth of gold production under their control. Can you imagine how the oil market would be impacted were some agency to have 14 years worth of oil production stuffed in salt mines somewhere with the only thing preventing them from selling it is the fear of destroying the oil drilling sector?? Oil is a perishable commodity. When it is used it is destroyed. Gold never disappears and only more of it can be found and accumulated. 3D and 4D imaging of permeable rock strata have done wonders for oil exploration. So well that we now have far more reserves than anyone previously imagines ever existed. I believe the same with occur with gold. And goldbugs will continue their efforts to find some use for all of it, like trying to get the CBs to back their currency with it. Regards, Ron