The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: John Vosilla who wrote (5525)	3/26/2008 12:50:17 PM
From: Real Man	of 71454

FWIW, CB of China holds 600 tonnes of Gold or so, valued less than $20 billion. GLD holds around 650 tonnes valued at around $20 billion. Gold IS the most stable currency very long term and the best hedge against any large-scale currency devaluation. This is quite low. The global stock market cap is what, 80,000 Billion? Daily FX volume is trillions. Gold is slowly becoming a currency again. CBs will suppress it, cause if it does become the currency of choice, the global financial system will disintegrate, gold will tend to show all fiat currencies for what they really are. I believe there is a shift - everyone wants a competing reserve currency, because they realize the benefits of shipping pieces of paper for goods. Oil exporters want theirs, Europe wanted the Euro, etc. The Bretton Woods II is slowly disintegrating. I believe it will all come back to the gold standard, most likely, but who knows.

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