Originally Posted by Mr.T:
Originally Posted by caribny:
Gold prices are way down, as is teh quantity mined, and that is what carried the economy for the past 7 years.
Prices are down, but I am not so sure about the quantity mined. A lot of the mined gold no longer gets declared. The PPP smuggles it out of the country on a daily basis.
The decline in the price of gold is offset be the decrease in imported petroleum products. The issue is PNC mis-management.