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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Elizabeth Andrews who wrote (15140)7/31/2003 10:08:29 AM
From: Claude Cormier  Read Replies (2) of 39344
 
Eliz,

Well that is what Friedland suggest. The cost of labor and material in China & Mongolia is much less than in the US, Australia or anywhere else. Given the fact that the US has lost its manufacturing base to China, Friedland affirmation appears to be right.

If you have listened to the BMO presentation he gave numerous practical examples of these varous costs. (cement, steel, manpower, coal....). The difference is staggering.
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