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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Bobby Yellin who wrote (37522)	7/22/1999 1:21:00 PM
From: Jim S	Read Replies (3) of 116795

I'll say again, MD, that I'm sure not any kind of expert on this. But, it seems to me that it makes no difference who makes a profit on whose labor. Country X sells us something for $2, and we sell it for $10. What that means is that $2 went to some other country. The other $8 doesn't enter into the trade deficit equation at all. What matters is that $2 of OUR wealth goes to someone else, and unless we can get it back by selling them something, it means that OUR wealth is leaving this country and going to someone else. Kinda reminds me of when I was married -- my ex liked to spend more than I made; that sort of negative trade balance didn't work too well for accumulation of wealth. jim

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