Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (70660)	5/29/2001 7:58:10 PM
From: Ahda	Respond to of 116753

Joel don't be so sure that was a bad idea. Though i have not yet convinced myself that we are in for one of the longest lived down turns we have ever seen i feel there is a high potential for said. Presently we have AG trying to control the direction of our economy by various means This includes interest rates coupon passes and RPO's. At the same time we have the business world scrambling in all directions trying to keep costs down. This applies to all business world wide not just here in our nation. The difficulty appears to be here in this Nation we have the availability of capital but we also have soaring costs which means the dollar has less growth potential here. As AG tries to create growth here the conditions of our tech companies are stating that excessive costs here are requiring them to cut staff and seek savings elsewhere as less labor and development costs give a greater return on dollar value. This also increases the opportunity for sales within other nations as currency and transportation cost is significantly more competitive working form a local market than being shipped from here. It is simple to see this when you think how our computer industry used products from elsewhere to create profit. So now more than parts will be shipped to reduce high costs. In order to be productive in global economy you have to have a strong dollar. The difficulty is that we as a nation must be a productive nation or we won't have internal strength and lose the edge in the outer world market of our dollars buying power. The problem in calling this is the time lapse between corporate innovation to save costs re the building and implementation. So where you could see slight changes in figures in unemployment here, if wages continue to increase and inflation rears herself due to surplus dollars as growth is going on elsewhere that growth generates more due to need. I firmly believe it is impossible to have excessive costs if you control the amount of money that is being delivered to the nation. Sometimes it looks like the FED and the Business World and the nation are all at odds with each other. In conclusion tying gold to the Euro might not be such a bad idea you have a down side limit if nothing else.