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Message: I have a theory.....sort of ...

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Re: i give up !! and gold is not going to 500 ...more likey to 5000

posted on Feb 12, 12 12:53PM

I agree with most of what you wrote cantjustread, except I would not be too worried about undersea mining. I am sure the cost of mining underwater would be so high that only higher gold prices or the rare extremely rich deposit would make it economical to mine. I am not sure of the ecomomics of underwater drilling for oil, but I do remember that the oil sands were just a science experiment until oil got above $50 per barrel.

I could not imagine them mining unerwater for less than double the typical cost on land. And then, good luck with the environmentalists.

Bob

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