Re: Effects Of Currency Devaluation on Tyhee Value and Cash Value
in response to
by
posted on
Dec 19, 2008 06:57PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Euro Man;
Thank You for those links..... They each gave me new perspective on just how widespread this.... this ... whatever..it is worldwide economic calamity is and how much it is impacting other nations and their ability to produce, consume and prosper. That is one of the truly amazing things that I have noticed with this Forum community. You can watch the news all day long but the International perspectives and insites that are shared here on this forum by this user community in very practical ways just can't be found anywhere else.
I thank you all.
Euro man.... did you catch this....There was an interesting feed off of that last link that you gave us.
http://currencythoughts.com/2008/12/...
That one touched on some of the evolving issues in Canada itself that can possibly effect the environment in which Tyhee will have to move and develop.
Canada has for so long been a safe, reliable and steady partner to mining companies. That link which you gave lead to this. It addresses the pending crises in Canada with it's Conservative Government and rising dissatisfaction that may ultimately replace it with a widespread alternative that will have difficulty achieving consensus on material issues. It also talks about the reaction of the Canadian central bank and it's rate cuts.
What concerns me from a reading of that is that Canada may soon or at least has the potential to now fall into a chaotic political situation from which it has long been spared. The crises in the US Government shows that even in the face of seeming immenent pending financial disaster divergent political Interests can't seem to sacrifice their own political agenda's for the overall good of the nation.
It is interesting that people in the US seem to think their Government is going to save them even though most of the current problem seems to result either from actions that the government took when it shouldn't have or didn't take when it should have. Someone and I can't remember who made an interesting statement which I would paraphrase as People of the United States expect 435 People in their Congress to get together and solve this problem and those same 435 people couldn't even agree on a Mothers Day resolution. In any other circumstance there might even be some humor in that. :)
The point being that Canada soon may possibly be subject to these same destructive political factors that the US faces now with unknown consequences. This may effect our investment in Tyhee. It is if nothing else a previous perhaps unconsidered point to evaluate and consider as we measure possible risk and return factors.
It was very interesting to see the rate cuts taken by the different European National Banks and economies. It seems though that interest rates are still much higher then US rates after the last whopping cut of this week. I wonder if that will result in more outflow of US Currencies exacerbating the US economic problem. I don't think they can go any lower unless they start paying YOU to borrow... And as laughable as that concept sounds that almost actually happened with the last Auction of Treasury T Bills this last week at like 0 Percent ! I never thought I'd see FREE Money.... How long can that last ? :)
Thank You for sharing those links. That was most interesting.
And yes I have invested in Tyhee......<grin> I was right there with you a year ago buying it up at $ .32 to $ .40 cents a share and holding it as it went to $.70 & near $ .80.... and kept holding and holding.... I am now.... what's the expression to make myself feel better....? Ohhhh Yes..... I'm averaging DOWN ! <Grin> and still buying future value at these awesomely discounted prices as cash comes in now and then.
Thank You for that interesting collection of very relevent information.
Just an aside... Do any of you remember that old early computer game called Asteroids ??? That's almost what this feels like to me right now.. Thousands of little events, economic changes and business explosions and other things flying in at us from every direction and at varying speeds and trajectories and somehow someway we have to determine our safe investment path and what is going to happen as a result of all of those collisions explosions and trajectories...... sheesh ......if asteroid ammo were cash.... I'd be plastered on the side of one of those jagged little asteroid video chunks already ! ! <grin>
Thank You. Good Luck and best wishes to all. Thanks for sharing !
Gold Barren Charlie