> By the way, Danny is completely wrong here. When people > see $4000 per ounce gold, they will understand that the > US dollar is worth less (worthless) and they will be less > inclined to hold onto dollars. They will also be trying > very hard to forget their troubles. > > "Forget all your troubles, forget all your cares > And go to the GOLD Casino..." > > In bad economic times people gamble more.
You overlooked my original statement: "So, everything else being the same, TGC revenues and profits would decline by 50% in gold terms." (That was in the example of a doubling of the pog.) With "everything else being the same" , I mean that people don't increase or decrease their gambling and without lot of other factors that can come into play. We cannot discuss three things at the same time. It is indeed well known that people tend to gamble more in times of recession. But I doubt they will gamble 10 times more if gold goes to $4000 by the year 2005 for example. Danny --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
