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To: arthurus

Ok, I think I wasn’t making sense there.

I’m not saying that people don’t want gold anymore.

I’m saying that IF people didn’t want to make jewelry out of gold any more, that would be a cause, and a fall in the price would be the effect. I’m not saying that people don’t want gold jewelry anymore.


75 posted on 01/06/2011 7:13:23 PM PST by truthfreedom
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To: truthfreedom

I’m saying that IF people didn’t want to make jewelry out of gold any more...


Before we get to the “if pigs had wings” discussions of the rhetorical significance of the word “if” consider that throughout human history, people have always intensely desired gold as their jewelry.

I would suggest that the desire to make a substance an adornment is not the CAUSE of the demand for that substance, but instead the EFFECT of the demand for that substance.

Indian brides aren’t buying gold because they think it makes them looks pretty, they’re buying because they KNOW it makes them look WEALTHY.


77 posted on 01/06/2011 7:21:36 PM PST by Atlas Sneezed ("If you touch my junk, I'm gonna have you arrested.")
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To: truthfreedom

That IF ain’t gonna happen.


89 posted on 01/07/2011 5:09:11 AM PST by arthurus (Read Hazlitt's "Economics In One Lesson.")
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