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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Steve Lee who wrote (59721)5/1/2002 12:16:43 PM
From: the_wheel   of 99280
 
Essentially this is what happened. SV needed more tech consultants, so they were imported from India. VC needed more internet companies, so they were created. Supply met demand and drove the stock prices for internet companies and salaries for tech companies to a marginal rate of zero.

Should gold price go moonshot, we would mine more of it. Trouble is , it is several orders of magnitude more difficult to get a permit to build a gold mining or desalination plant in the NW than it is to import workers or create new corporations. Also, takes quite a bit longer bit of time, I would say ten years to get approval. Thus, the mining would have to occur in the third world, where regulations and political dissent is not as harsh.
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