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

To: Paunch who wrote (27642)	2/3/1999 9:51:00 AM
From: Hawkmoon	Respond to of 116811

Where are you seeing the greatest rise in prices?? Lumber, nails, or labor?? I would suspect labor would primary, since I see placards and advertisements for carpenters, laborers, and other blue collar specialists everywhere. This would be inflation in a particular sector due to the increase building that is occurring (due to low interest rates.) But countered by other sectors, the overall inflation rate is non-existent, if not negative. My father was a building subcontractor for 15 years, building houses, as well as doing custom remodeling in some very ritzy millionaire hideaways. I remember back in the early '80s how he was upset that when he bid a job at one price, he would find that the actual cost of those goods he required had increased in price by the time the project had begun. As a result his profit margins were drastically impacted since he was held to that prior bid price. That was when inflation was rampant and interest rates were double digits. Regards, Ron