You overlooked my original statement:
No I didn't.
"So, everything else being the same,
I just don't take anyone seriously who makes this statement. "Ceteris parebus" is the way economists say it, so as not to get accused of being weasels. Latin-speaking weasels, they are.
All other things are not ever equal. Everything else is not the same.
We cannot discuss three things at the same time.
You can't make predictions about the real world and expect to avoid obvious criticisms about the consequences your conditions set.
But I doubt they will gamble 10 times more if gold goes to $4000 by the year 2005 for example.
But, really, like all your predictions, you have no way of knowing. You are sort of guessing, and expect all to take note and "ahhh!" when you are right, and refer to your carefully worded conditions when you are wrong.
I think instead you should place a bet with JP May. Bet him that when the price hits $700 per ounce the Gold Casino sees the same dollar volume and lower gold volume, per customer, as when it was $375.
Or don't. But, if you won't bet, I don't think you have the courage of your convictions.
Regards,
Jim http://www.ezez.com/
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