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

To: Ironyman who wrote (29866)	3/12/1999 9:48:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116760

We won't run out of oil,,,It can be made synthetically. It can? Hmmm... haven't heard that before. Now I know there are various fuels that can be synthetically produced. And there are Billions of barrels of oil lock up in Shale and Oil deposits if they can figure out how to get at 'em cost effectively. But the same pretty much goes for Gold. There is plenty of gold. They just have to find it and extract it. And there is no shortage of gold. It is simply that, were the CB's to sell their holdings, it would create a dislocation of the current financial system. Controlling the competition's market is the best way to make sure you don't face any competition. That is why CB's hold so much gold. Should there prove to be a real shortage of gold long-term, the CB's can easily elect to sell some of their holdings to meet demand. The gold industry is paying for years upon years of inflated prices that created emmense quantities of gold that had never been available before. Regards, Ron