At 06:13 AM 9/10/2001 +1000, David Hillary wrote: >Gold stocks are like any other inventory, something which can be increased >by investment (surplus of production over consumption). The supply curve for >gold is upward sloping, like most supply curves, and thus an increased >demand for gold inventories would increase the price of gold. The increase >in price would reduce gold consumption and inventories of gold would rise. I heard a statement at a conference last week that Christ's robes cost 30 grams of gold, or the equivalent value in today's dollars of approx $262. Which is close to the same price one might pay for a suit of clothes today. Therefore, in 2,000 years gold has been stable. Of course, I would like to know where the 30 grams of gold statement came from, as I can't find it on Google. George ______________________________________ George Matyjewicz, President/General Manager Standard Transactions (BVI) Limited http://www.standardtransactions.com http://www.standardreserve.com mailto:[EMAIL PROTECTED] Standard Transactions Agent Xchange http://128.121.218.67/stax/ --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
