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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (14836)	2/11/2002 1:17:35 AM
From: marcos	Read Replies (2) \| Respond to of 74559

To use gold as money you can just simply use it, that's all, no need to tie it to some fiat promotion that would tarnish it by association, the politicians would be playing with it forever ... beauty of gold is that is independent, appeals to the independent of nature for that reason imho .... so, just use it - quite possible nay efficient in an electronic age - goldcurrencies.ca In a previous post you say if the PoG rises then so will production .... well sure, for a while ... then where will producing majors get their reserves? .... they've been creaming them in the low-price environment, every day bigger holes in ground and less metal ... gold is quite rare on this planet, btw ... so how do majors replace reserves? - they buy them from juniors, that's how - geoshares.com ... that's just one junior, another i was adding to in December had at the time a market cap of about ten shares of brk.a and has likely imho a whole lot more metal in the ground than brk.a In another post you ask what caused PoG of 800US in 1980 ... speculation, that's what ... 'the trend is your friend' taken to extremes as always, people were quoting it as gospel on ridiculous dot.bombs not long ago ... once an undeniable confirmation of PoG bull occurs, the whole psychology changes ... and changes, and changes, and changes, plus ca change, plus la meme chose

To: AC Flyer who wrote (14836)	2/11/2002 2:30:03 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

AC - As usual, your post is quite interesting, and I find parts with which I agree, parts with which I disagree, and still other parts which may straddle the two categories. In any case there's a lot of there there. -g- Disagree - - basis of economic value, not labor but subjective marginal utility - description of medium of money, two functions = 1. medium of exchange for all goods and services, not just labor, 2. store of future purchasing power for goods and services in an uncertain future - labor and education value, only valuable to the degree that they can be exchanged for something judged more valuable than what was given up Agree - - increased quantity of money tends to make purchasing power of a unit of money fall, and vice versa, ( I would expect you to agree, but not entirely sure ) - capital additions improve the productivity of labor and allow increases in real wages (but not necessarily nominal wages) Partly agree/disagree - - population increases tend to increase the demand for money, but the increase is in the cash balance function of money, not necessarily in the transaction function. Also, the real demand is for increased total purchasing power, which doesn't necessarily need increased nominal monetary unit quantity increases. Leave out for the time being - economic conditions and outlook Regards, Don

To: AC Flyer who wrote (14836)	2/15/2002 7:04:34 PM
From: Raymond Duray	Read Replies (4) \| Respond to of 74559

Hi AC, Re: Furthermore, I believe that economic depressions result from only two causes..... Let me suggest a third: Unsustainable levels of corruption. In the run-up to the 1930's debacle, we had Sam Insull and his midwest energy octopus trust(nee, Con Ed). chicago-l.org Today, it is the IPPs (Independent Power Producers), the malevolent and disingenuous utes like PG & E and SCE, along with the End Runs of the world, i.e. the power marketers, that are truly setting new standards for outrageous self-dealing. If you want to start a depression in, say, California, for example, a great way to do it is to boost the electric bill for the state from $7 Billion in 1999 to $27 Billion in each of 2000 and 2001. That kind of economic hit is unsustainable, even for a rich state like California. You can, IMO, blame depressions on the unwinding of greed in the power market and the corrupting force of market power. -R.