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

To: Hawkmoon who wrote (27464)	2/1/1999 11:52:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

Ron, I have a problem with your pattern of thought, in that you are not looking at imports Vs exports. Our trade deficit sucks, and can not long be maintained. If gold price return to the $325-400 range, American working for mining firms would be able to go back to work - earning more than they are in the convenience stores in which they are now working. We would(as a nation) export gold at a profit. The miners would pay more taxes as would the mining companies. Brokers would make money selling mining company stock. Is an increased level of exports a bad thing for our country - to your way of thinking? The only ones that would be hurt are the hedge funds now short or possibly a little bit of margins at jewelry companies. For which do you work? You know, we as a nation can not long prosper if we buy more than we sell. The U.S. dollar should be some weaker when the most productive grain producing steppe on earth (the American Mid-West) when worked by the most productive farming community can not break even at the current cost. On average, the American farmer produces grain at less than 20% of the number of man hours as most of Europe while our Mid-West produces 25% to 3000% better per acre yields than any where else on earth. The bulk of competitiveness problem of American agriculture in this nation is due to the strength of the U.S. $ vs other currencies. Who knows, we might even have a manufacturing sector again.