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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (1663)	5/20/2006 9:22:11 PM
From: Jamey	Read Replies (1) \| Respond to of 50322

It is strange that the main supplier of gold, Africa is not mentioned due to a 10% lowered gold output this year due to labor problems. I don't have a link but I thought I would mention reading that. Also, Iran is going to start requiring Euros for their oil instead of the $USD. IMO, that was the major reason Bush attacked Iraq because Saddam was switching to Euros. The $USD could be attacked further if this becomes a pattern. After all, the world having to buy oil in dollars is what has kept our money solvent. I see the hedgemony of the Euro which is going to bring down our financial house of cards. See what that does for gold. $2000 might be cheap! Santi

To: SliderOnTheBlack who wrote (1663)	5/26/2006 2:35:39 AM
From: 8bits	Respond to of 50322

"What China thinks about the "Commodities" Bubble !?!?! news.xinhuanet.com BEIJING, May 20 -- "It is the end of the US housing boom that caused large amount of hot money to rush to resource commodities like gold, oil and copper and cause the sharp price rise of these commodities. China's demand didn't affect that much...." China went from being a net oil exporter in 1993 to being the second largest importer of oil currently. I do not begrudge the Chinese for trying to lift a huge number of number of people into an improved economic status however you may wish to compare the dramatic incerase in consumption per capita of oil by Japan in the 1960s and Korea in the 1970s. China is going down the same path. (And let's not forget India with a mere 1.1 Billion people...)