Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (72894)	5/18/2010 10:24:37 PM
From: Maurice Winn	1 Recommendation of 74559

Thanks for that excellent documentation about gold. You might recall several years ago me writing that gold would get to $2000 an ounce and in the event of money replacement would need to get to $10,000 per ounce at which time the gold culture and production craze would be ridiculous with a huge loss of economic efficiency. Digging gold is highly unproductive when the purpose of it is to dig it up, pollute the environment, cost a lot of money, only to bury it again in secure permanently guarded storage underground. The US$ is not dead yet. The competitive dilution devaluation race to the bottom has been going for 40 years with some already having bottomed out in bankruptcy and currency dissolution. It has some years to run yet. Made in China and the cyberspace revolution and technology developments in general have enabled a huge amount of dilution without it showing up in hyperinflationary prices. But as people in China get pay increases as employers compete for a dwindling number of spare employees, then financial relativity theory will see that the difference in pay between them and the median American will shrink. Big Ben will not be able to continue diluting the US$ so quickly without inflationary consumer prices showing up quickly. But there is still an enormous technological revolution underway with me having even saved Mao's minions from their state of poverty, enabling them to swan around with amazing little CDMA/OFDM devices which allow them to click into mobile cyberspace and invest in QCOM or gold or shorting either or buying millions of things from eBay, Amazon, TradeMe and whatnot, while asking Google to help with understanding about anything and using SPOT to locate themselves using GPS and email a Google link via Globalstar to anyone they like. Precision is a few metres [maybe 5 - depending on the situation]. You're welcome, Nobless oblige, Mqurice

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