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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: siempre33 who wrote (19214)	8/26/2006 3:59:40 AM
From: E. Charters	Read Replies (1) of 78418

Speculation -- Koan, take note... It might be pointed out that where economic activity is concentrated in transfers of wealth rather than its creation, gambler's ruin results in most of the wealth being held by a very small number of participants, even when the game is "fair" as in the coin-flipping example above. We see this in the stock market when speculative activity is the norm rather than long-term dividend producing investment en.wikipedia.org

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