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

To: E. Charters who wrote (86315)	6/3/2002 1:37:36 PM
From: Ahda	Respond to of 116944

It isn't necessarily gold is scarce it is the increased amounts of currency must be produced to create any value as the cost increases and this decreases ability to create profit in world of varied labor rate. With high wages the value of the dollar steadily decreases in value there by its ability to create future value in the corporate world geared to a specific currency diminishes. As costs escalate the value of a currency ability to increase in value deteriorates. When currency is questioned for its ability to create future the value of gold increases scarce or non scarce. Kind of like saying the YEN is a bargain short term because it is but the YEN if strong is a disaster for production in Japan. Japan Yen in my opinion is seeing the beginning of a new financial system similar to ours this could very well create employment but hurt exports.