
Originally Posted by
van_wilder
philippines do benefit from the war in israel, iraq, afganistan, etc... why?
here is why...
more chaos = weak dollar
weak dollar = people buy gold instead of dollar
since Philippines have one of the biggest mineral reserves in the world and it was still untapped and undeveloped because of the very long mining ban, we would benefit from high gold prices...
fyi: from 2006 to 2010, around $100B daw ang mamine sa pinas... imagine 2010 onwards... we still have more than $1-2trillion undeveloped mines...
that is why we are strong over the dollar, we have budget surplus, etc... i cant imagine phil 2010, if everything goes well... we might be promoted to 'developed country'