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To: pater tenebrarum who wrote (124612)9/21/2001 10:55:34 AM
From: JRI  Read Replies (1) | Respond to of 436258
 
Got any approx. date when Argentina will devalue? (I am assuming you think, as I, that they will devalue before default)..

Gotta believe it comes in next month..



To: pater tenebrarum who wrote (124612)9/21/2001 3:14:31 PM
From: s.pecunius  Read Replies (1) | Respond to of 436258
 
"weak Rand": I often hear this argument, but I don't understand it.
With the costs of the mines(Rand) and the POG(USD) constant,
the earnings of the mines (USD) should rise due to lower costs(Rand).
On the other hand the costs(Rand) could rise due to inflation and investing in a country with a weakening currency is less attractive generally.
It seems that the latter points are more important...
Or am I missing something else?


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