A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: philv who wrote (74)	1/10/2003 2:06:31 PM
From: Jim Willie CB	of 1210

competitive currency devaluation will become a DYNAMO for gold this is overlooked by many gold watchers even as each major continent undermines the resident currency (yen, euro, dollar) in order to either support the export economy or prevent the deflation from taking hold... gold will rise as a result I SEE IT AS A LEAPFROG PROCESS, BIDDING UP GOLD CONTINUOUSLY what you cite is a risk for mitigating further massive dollar devaluation but the effect on gold is utterly magnificent casual economic students simply miss this DYNAMO effect / jim

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