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Re: Re: Re: [sharechat] I have no gold shares! Alternative Strategy

From:	"Chris Castle" <c.castle@paradise.net.nz>
Date:	Thu, 30 May 2002 23:48:17 +1200

Perhaps it's more likely that marginally profitable gold mines will go into production. I don't know anyone who sold the family gold (silver?) heirlooms to be melted down when the price went up to over $800 an ounce but I do recall a lot of gold IPOs and refinancings then and on every subsequent occasion when the tide appeared to be turning. The silver market (the subject of the Hunts' attention) is a quite different situation.

Nevertheless - keep up the good work Gerry. I admire your energy.

----- Original Message -----

From: G Stolwyk

To: sharechat.co.nz

Sent: Thursday, May 30, 2002 7:23 PM

Subject: Re: Re: Re: [sharechat] I have no gold shares! Alternative Strategy

At a certain price, a massive amount of gold owned by households will be melted down till an equilibrium is restored.

I was there when that happened @$US500 an ounce, I believe in 1980? (Hunts-silver grab).

Obviously, we are nowhere near that point but economics always needs to be borne in mind, I think.

Gerry

References

Re: Re: Re: [sharechat] I have no gold shares! Alternative Strategy G Stolwyk

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