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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (93181)	8/7/2012 7:56:09 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 217774

Thanks, this proves the gold bugs wrong - very wrong. I think gold has value in a transient time of economic crisis, but not a long lasting store of value. $1,000 today would not exactly provided an extensive family with all its needs if a car maintenance and dwelling rent or mortgage is included.

To: KyrosL who wrote (93181)	8/7/2012 9:26:40 AM
From: Tommaso	Read Replies (1) \| Respond to of 217774

Lots of counterfeit "rare" gold coins around. They are gold, but not genuine.

To: KyrosL who wrote (93181)	8/7/2012 10:34:14 AM
From: elmatador	Respond to of 217774

National prosperity is created, not inherited. It does not grow out of a country’s natural endowments, its labor pool, its interest rates, or its currency’s value, as classical economics insists. Yes, I was reading all that stuff. It was such beliefs that are at the root cause of the crisis of last decade starting 2008. The belief that one 'creates' prosperity. A nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. If a nation produced soy beans, corn, beef, tobacco, beef, poultry, iron ore it was doomed. So Micheal Porter wanted his readership to believe. Companies gain advantage against the world’s best competitors because of pressure and challenge. They benefit from having strong domestic rivals, aggressive home-based suppliers, and demanding local customers. Today they have competitors, pressure and challenges but the demanding customers are elsewhere. not in their home markets. All italics quoted from Michael Porter, "Competitive Advantage of Nations".