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: E. Charters who wrote (93125)	2/2/2003 6:52:49 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116770

<<Spain relied on gold, but did not insert it in its standard of the real except as pieces of 8. The only industry it had was colonial. They failed to develop home industry to match. Gold ruined Spain's economy. The currency became denatured or debased by its availability, like paper. The US was flooded with gold in 1849. Because it has plentiful home industry it was safe, there were hiccups in its economy but it was sound. Much later during a paper and credit flood the chickens came home to roost.>> To me it looks like the whole western hemisphere volunteered to slowly get rid of manufacturing sector sometimes around 25 years ago.