I don't think you have to be a Communist to want decent social programs. And taking some oil royalties isn't necessarily a big deal. I am not impressed by the so-called "concerns" reflected in voting Reform. Yeah maybe oil is a provincial jurisdiction. So is education. The feds figured out a way around that via a federal spending power (which pretty much gives them jurisdiction to spend anywhere they want). I've been to every province of this country. I don't find it hard to adapt to each part when I visit and I find everyone shares similar concerns. I have a feeling 'regional' concerns can be blown up into a big deal, when anyone could in theory move from one part to the other and we are all Canadian (speaking only for Canadians, of course).
An example is the opening and closing times for the elections. One woman on the news was carping on about how the old times (and the new times, too, someone was able to speak up as to how both screwed the West) didn't take into account the West "as usual, Eastern Canada is insensitive to Western concerns". What a bunch of B.S. Like we invented time zones or something. My sister lives in B.C., has plenty of special concerns, few related to region, and damn sure Reform has never and will never call her up to ask her what she thinks.
Seems to me if you want to talk regionalism let's talk so many unemployed out East having their economy ruined even worse, voting Liberal and then having their needs ignored by Doug Young and his ilk. Hard to cry for greedy Alberta when there are real problems in the world. We have farms in Ontario too, my mom grew up on one, so once again Alberta just isn't as "special" as it thinks.
Now, I promise to stop this immediately. This is a gold thread. On that matter, while I am HOPING that the price of gold is hitting a bottom I am not so convinced. I have to conclude that any equities which depend on a higher price should be sold, and only those which are low cost producers and can more or less survive at current prices should be kept. While the central bank selling pressure may blow over in the short term, long term the idea of liquidating gold holdings will undoubtedly prove attractive as nations attempt to clean up their finances. Gold just doesn't do 'the trick' the way it used to. It may be a store for value, but so are all commodities. Finally, again while inflation may heat up a bit in the next year or two, we are unlikely to see rampant inflation anytime soon. There are just too many factors auguring against inflation long-term.
I hope I'm wrong.
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