> > "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.
Of course all these other things are not equal. But it is easy enough to take out the effect of changing currency and then have a look at all these other things that are not equal. That's what every inernational company does in its result caclulations. > > 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. It is easy to know. All we do is look at what happened in the past when currency changed. When gold doubled in price in 1979, do you think people doubled their dollar amount of gambling, doubled the dollar amount of hamburgers to eat, just to make sure that revenues in gold terms stay the same? Obviously not. > 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. Where you will get TGC numbers to decide the bet? Moreover, I won a bet with jpm here on the list more than a year ago, and the $100 has never been seen. Since then he always calls my post 'hilarious' when he agress with it. 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.
