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


To: Elizabeth Andrews who wrote (34025)5/17/1999 7:36:00 AM
From: long-gone  Respond to of 116764
 
<<How is it considered scarce when there is enough above ground to satisfy the imbalance between current supply and demand for about 100 years? It's like telling me there's a shortage of oil or gas in the world. >>

1st, You need to better look at demand, supply, and more fully understand the paper gold market. Much of the worlds demand is softened via the use this paper gold while much is elimated.
Most educated people understand much of the above ground gold you believe existing has already been consumed.
2nd, There were less than 2 oz (of bullion) for every person living on earth in 1995. The population grows daily.