SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (34405)5/4/2008 4:41:10 AM
From: elmatador  Read Replies (2) of 219061
 
You are right in many instances: It is not too much money that makes people rich. It is the solidity of the money that make people real rich.

That's why you say: buy gold and solidify your money. There was no need to scramble for solid money when he USD was the solid money. Today is a different story. Need gold, real estate in Dubai, oil and commodities to use as a proxy for solidity.

Forget about the de-solidification of the USD and concentrate on the solidification of other currencies. Of course if I say that kyros will come back saying: this is the mouth piece to prop Brazil up. (As if Brazil needed propping up :-)

When I say capital is spreading means other currencies becoming more solid. If I tell Elroy that my only need to invest is to get my money and send (a.k.a repatriation) it to Brazil and the BRL does the rest for me, he doesn't grasp.

MQ is right (a rarity to find MQ right) when he said once: One need to treat money right. Else money goes away from you. Increasing the amount of a currency doesn't make more solid. It makes more pliable.

China is afraid of solidify their money the same way Brazil needs to be careful with theirs.

Those tiny little European countries (just don't tell Carranza Germany is a minnow) realized late 80's that their Finn Markka, Deutsche Mark and 1/2 dozen differently named Francs would vanish if they would not create an Euro which is much more solid that the individual currencies.

The GCC way of getting solid money was to use the USD. Just pegging to it. Now they are handcuffed to the metal bar in the 3rd class of Titanic.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News