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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: dvdw© who wrote (702)5/5/2003 11:53:32 PM
From: LLCF   of 4912
 
<The fiat currency argument is diminished in the main by demand expansion for the purpose of liquidity. A desire to hold value as a medium of exchange, that can meet the needs of the widest numbers of transactions. >

Of course it depends on 'hold value', which the dollar may or may not do. Anyone buying gold expects history to continue to repeat itself... ie. fiat currencies have a tendancy to lose value.

<partly a speculative bet on an increasing (re)acceptance of bullion as a legitimate asset class>

Well, it can't get much less acceptable, so I certainly would't be that way.

DAK
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