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Gold/Mining/Energy : ECHARTERS
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To: Larry Brubaker who wrote (1018)11/3/1997 1:53:00 AM
From: E. Charters  Read Replies (1) of 3744
 
Little million ounce mines.

I really don't think 316 american gunboat dollars are worth one ounce of gold. the mighty yankee peso won't be so mighty next year.

my little mine would have 140 dollar costs.

ultimately you have to measure the dollar against what it will buy.

its buying power has eroded against all things 25 times since 1934.
yet bankers tell you yellow metal is worth only 9 time what its 1934 price was. I make more than 12 times what I did in 1968. 40 times what my father did in 1934.

I had more disposable income in 1968 and a better life.

I think the bank wants to buy our soul with the dollar. they take it on loan and treat it like their money.

tired of the alice in wonderland world? do you want a politician telling you what value is? a bank to tell you what the market is?

it our market and ours to value.

has gold gone down or is the dollar rigged? is it a balloon about to burst? never mind the interest rates.. ever had a business and gone in for an operating loan? with these interest rates it should be snap to get money.. but its tough.. why? why the shortage? what is the problem? what is the real interest rate? who is paying it?

What gold is telling you is the dollar is only worth about 50 cents.
How is this so? A more pure resource economy, Caanda, has a dollar worth 70 american cents. It used to be par or higher. Why the difference now? American pressure to buy resources cheap with free trade.

Take the dollar downtown what does it buy? Crap that breaks and falls apart that is built for 10 cents on the dollar. American productivity?
who works? what can you start with the taxes and all?

Come back and tell me with 35,000 dollar cars that gold is worth 300.00.

echarter@vianet.on.ca
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