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To: re3 who wrote (48439)12/16/2000 11:17:52 AM
From: yard_man  Respond to of 436258
 
it has a number of uses, but it isn't building a block of productive capacity -- no doubt about that,

but on the other hand ---

the kind of "investment" that has occured during this bubble has not been good for productive capacity -- much of it has been illusory -- simply expansion of credit to inflate claims on existing productive capacity -- especially for the last couple of years -- the silly mantra of productivity belies a lack of investment and mathematical smoke and mirrors

but I didn't buy gold shares for the "good" of the economy either