Archimedes, on why gold priced in DMark is rising ...
gold is flat as a frigging pancake
the Euro currency is dropping, in trouble
net, therefore, gold is rising in DMark terms
simply an aberration owing to currency shifts
the major (and only meaningful) unit of measurement for gold is "price in US$"
a note on Europe to follow up
with foreign currencies rising relative to Euro, the European continent is likely to see some "imported inflation"
but Europe doesnt maintain a trade deficit of our magnitude
regardless, all imports will cost more
the Euro now localized all European pathetic currency concerns and has only the DMark to buoy it
at the same time, their economy is slowing down
same root causes: inadequate new business formation, poor capitalization of young successful companies, traditional clinging to socialism, heavily taxed corporate world, absurd severance packages for furloughed workers, strong labor unions, second tier technological research & development (except certain areas)
I believe Europe has entered that pathetic stage now called STAGFLATION
stagnation with inflation, ouch!
howsabout a link to where I got insulted ???
didnt even know it
did I say something stupid?
I do that sometimes
I would love to read it and respond with a nasty
altho I am mellowing down since April's pain
/ Descartes |
