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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (4835)	12/28/1997 6:44:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116762

ps. I forgot to add that a lot more unreported jobs have been created in this area. Most of the young families here are two wage earners with two or three jobs. They have to hire nannies and cleaning women. A lot of babysitters get 10 an hour..that is take home..the nannies get between 300 and 400 dollars a week..that also is take home. The people who pay can't substract it from taxes because they don't don't declare it first. Also as the population ages and people don't live near their parents, more work will go to minorities to assist the elderly. Actually if all those off the book jobs were reported besides probably a lot of bartering, according to the government's numbers we would have minus 10 percent unemployment...gee why aren't retail numbers better? :> Another thought is that there is so much vaporization of assets. ie the collapse in real estate..cell phones etc..how much money is spent on that with no increase in productivity. Also all those wonderful corporate buybacks...little dividend yield..another vaporization when those blue chips start to fall. Gold has remained of value through the past thousands of years. Gee even the Bible has constant references to gold. Even though the governments dropped the price, the value will return..and not experience the vaporization that will come when these bubbles are burst. another ps..*I did a double take at some of the food prices yesterday..give me a break..so many items just keep on going up..