hello box, i was wrong re Message 16244385 (8 22 2001)
<<Well, in any case, USD is not going to rise, given that it has not risen despite all the problems more visible all around us. I think gold will rise relative to goods, services and fiat markers, and I believe gold is effectively still purchasable at cost.
I think creditor Japan holds the key to whether or not we have global depression (yes, there, I am now using that D word, and we will no doubt be haggling over the precise definition of the word shortly); and debtor/consumer America holds the key to "how deep, for how long".
On count of three, the keys may be turned to full-on position, and we will be learning New-age Economics up close, on a Washington Intern work-study program.
Get your cute outfit ready, and do not bother to mend those clumsy obstructive buttons.>>
as events have been progressing since those very early days when gold was priced at 277/oz, and given current day cash cost of gold @ 600+ to 800+ depending, it appears that gold was not purchasable at cost, but was priced way below cost.
but i was correct about the cute outfit and the clumsy buttons |
