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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: diana g who wrote (75227)10/1/2000 1:16:53 PM
From: BigBull  Read Replies (4) of 95453
 
Ask Germans if gold has any inherent value. Ever head of the expression "worthless as a Greenback"?

Currently currencies all over the world are being "Weimarized". This cannot and will not be allowed to continue. The dollar must come down and substantially and soon. Imo dollar strength is now attracting some very powerful enemies in the US and abroad. In the US it is virtually all of corporate America who are being priced out of both domestic and foreign markets. Trade unions will hate it when the inevitable layoffs come. After them, politicians. Abroad it is CB's who see their currencies being destroyed before their very eyes. The Euro has collapsed 30% in the past two years alone. With it have gone the Dmark, the Pound, The Franc (Swiss and French), ditto other Euro currencies including the FSU sattelites. 30% in two years! Think of the amount and the time involved. This is inflation in it's most odious and pernicious form; the kind that destabilizes entire sovereign govts. If you think the recent oil protests in Europe were something wait to see what happens if these currencies fall much further. The dollar must come down.

The price of gold as expressed in US dollar will go up. How much is an open question. But Diana!? We will never EVER see $500 gold? Bold words. Remember who called $40 oil and how utterly preposterous it seemed at the time? BTW I am expecting one last dollar rally as it is short term oversold, but then - The Deluge.
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