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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 (52653)	5/13/2000 4:03:00 PM
From: Hawkmoon	Read Replies (2) of 116759

Food is cheap and getting cheaper to produce, than we shall flood markets with beef, grain, and even with genetically engineered food, rather than see people starving around the globe. Your continual use of comparisons that bear no relevance to the actual issue never ceases to astound me, Goldsnow. Farmers around the world would LOVE to sell grain to all of the starving nations. But the reason those nations are starving isn't due to lack of food, but lack of money. No one wants to pay to feed people who are producing very little in return. I know it sounds cruel-hearted, but let's call a spade a spade here. WE COULD FEED THE WORLD WITH JUST THE PRODUCTION OF US AGRICULTURE. But no one is willing to pay us to do it. That is completely different than the scenario where OPEC is limiting production to a market that has EVERY ABILITY to pay the tab. However, in the process they exacerbate the plight of those nations who can't afford to pay additional energy costs and require energy to grow their economies. Sure, higher oil prices hurt the US economy. But they hurt the rest of the world FAR WORSE. Regards, Ron

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