Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (51928)	11/2/2007 2:26:51 PM
From: LLCF	Read Replies (1) of 78427

I mean, as the dollar sinks ever lower who wants to get paid in it??? Contracts will have to be in something more stable, so the "help" for US workers and industry (they supposedly get more competitive with lower $) is all very subject.... subject to their willingness to let their purchasing power further decline (falling dollar being paid to someone who buys everything at WalMart... ie. from China) without demanding pay raises. More likely scenario? Dollar down 50%, manufacturing costs UP 50%, net advantage to US production... ZERO. Willingness to hold or make contracts in US dollars? MUCH LOWER. DAK

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