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

To: el_gaviero who wrote (10838)7/18/2008 12:13:54 PM
From: WillieTee  Read Replies (1) | Respond to of 50113
 
RE: Newmont in the depression. Remember, public ownership of gold was illegal per FDR. The price was fixed at $35. Newmont stayed in business to provide the USA with bullion to support itself, along with some foreign sales. Since the price was fixed, and production purchased by the US Gvt, it was hardly similar to the current company. Also, as labor and productions costs dropped, it was able to make a profit. Thus, it was in a different situation from most for-profit companies. So forget about depression era gold vs. today. Not even in the same category.



To: el_gaviero who wrote (10838)7/18/2008 3:17:32 PM
From: crdesign  Respond to of 50113
 
America, as She used to be, is as dead as a deer in the bushes by the side of the road. The corpse of the deer has assets linked to it – i.e. complex proteins --- and is being fought over by vultures, 'posums, flies, box turtles, maggots…. Their job is to finish the job of destruction, and recycle the assets. )

...5 min break from digging post holes to secure my little property,

Hi el ga,

Interesting & compelling metaphor.
I hope you stick around.

Back to work, Tim


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