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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (34133)	1/31/2005 2:14:49 AM
From: E. Charters	Respond to of 39344

Very carefully.

To: Taikun who wrote (34133)	1/31/2005 11:48:57 PM
From: E. Charters	Read Replies (1) \| Respond to of 39344

Yield is a funny thing. Gov'ts pay gov't bond yield with money they print. Nothing they do makes money. So people buy government bonds and then congratulate themselves on getting interest in one hand that they pay to themselves in fact by paying out taxes on the other hand. What they are doing is parking the money with governments in order to inflate their own money so governments can pay their debts. It is counterproductive. It is high time we faced what government we can actually afford to live with, and swallow the medicine so to mix a metaphor. We should have strict guidelines on how much admin, translate snivel service, that we can tolerate and how much we pay them. Slur-vants Governmental-us have gone from being low paid drones of the early part of the last century to the highest paid professionals in our society, without our having the means of being able to lay them off when they not needed. Their union, an incredibly powerful voting block, holds every elected government to hostage to ever more costly salaries and lifetime jobs, mostly for all their relatives. Can we break the cycle with Ronald Reagan's ghost? Maybe but the person who does it will have a more dangerous job than being a policeman in Iraq wearing an American flag. (Aside-- There should be a relief system for medicine for people who cannot afford doctors, but 65% of the people do not need it, so it should not have to bankrupt a nation.) The government does not make money with the money people give them. They lend it out to foreign countries where it never gets paid back or pay it to civil servants to sit in cubicles, red-lined, staring at four walls or talking to other gov't servants around the coffee machine. Occasionally they go out for a smoke. Sometimes they read the newspaper. Occasionally they talk to the press. Some civil servants in Canada when interviewed stated that they did not know what their job were! But some said they had been super-numerated, so that their job officially consisted of looking for other jobs -- where? --- Guess... In other places in the government? -- you guessed it. On the other hand the low yield of gold stocks reflects the run up of the price. People are willing to pay high prices for them despite their low dividend return. The 14 cent dividend cost Placer Dome 58 million dollars, so they must be making money. EC<:-}