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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: goldsnow who wrote (50343)	3/13/2000 12:53:00 PM
From: Hawkmoon	Read Replies (2) of 116759

So let's see.... you're claiming that the instability that already exists in the world because of a few non-democratic nations (or pseudo-democratic), will grow far worse should we no longer be tied to their exports of oil? Give me a break. So there is instability in Russia. What are they going to do.. Nuke us? That would be real smart, wouldn't it? Especially after they get a taste of massive retaliation and we turn the earth into a spherical cinder in space. Russia is a very capable nation of talented individuals. The problem is that they just can't seem to get their industry and financial sector out of the hands of their corrupt kleptocrats. Whether they export oil or platinum, or palladium, that instability will remain until the root causes of that instability are removed. Communism is no greater threat than unfettered monopolist capitalism (which is what Russia became after the fall of the Soviet Union). It is nothing more than a bunch of "robber barons", most former high officials in the previous totalitarian system, who grabbed resources that didn't belong to them. It will take the establishment of a proper rule of law to truly change the economic picture there. Besides, the Russians no longer control the primary source of oil which is the Caspian Sea or its productive reserves in the Baku area. As for the mid-east or Africa... already those nations without oil reserves are in the throws of profound hunger and war.... or haven't you watched the news lately?? Regards, Ron

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