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Gold/Mining/Energy : At a bottom now for gold?

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To: ahhaha who wrote (1670)9/23/1998 12:53:00 PM
From: Ray Hughes  Read Replies (2) of 1911
 
ahaha: How much value is placed on looking backwards vs being able to foretell the future? Mythology tells you what the human race values is the ability to read the tea leaves.

In all economies prices of many goods and services are collapsing and workers are being laid off. Sure, workers on the top of the pyramid are still being paid highly. But, as others have pointed out to you, there is a strong consolidation wave hitting many of these workers as the malaise at the bottom implodes the need for workers at the top.

Look into the future for the consequences of the debt implosion, not at the past for the consequences of the debt explosion. The past doesn't make money for any but antique dealers. The most powerful emperors valued, and feared most, highly the seers of the future. They already knew what the past had wrought.

By the way, there is a world outside the USA!

RH
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