Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: BOC who wrote (660)	11/14/2000 10:02:13 PM
From: mirada	Read Replies (1) of 74559

Hi I can't imagine what could decrease the demand for US Dollar. The open policy of the US is ingenious, it makes US Dollar THE currency of the world. I do not know of any country that allow foreigner to own asset as freely as the US, for example land ownership and stock ownership with mush less restriction than any other countries. Attracking and keeping the world's wealth in Dollar makes the $ even more stronger and thus US Gov. can print even more money to meet the demand. (and will help keep the bubble going). The Euro or other currency can not generate such a demand without the openness featured in US (and I can not imagine that they can change their policy.) My point is Gold is not what it was before and that US Dollar will remain strong.

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