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 : Gold Price Monitor
GDXJ 107.29-0.9%Dec 2 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rarebird who wrote (72685)7/1/2001 6:15:36 PM
From: Crimson Ghost  Read Replies (2) of 116791
 
The key thing for gold is not so much whether the dollar goes up or down 10% (though obviously this is important) but how much longer can the world tolerate the current international monetary system which gives the US tremendous advantages enjoyed by no other nation. It is this monetary system that has made the prosperity of many nations depend upon the US ability to run huge trade deficits year after year -- thus enabling Americans to live far beyond their means.

The designers of the system were clever indeed -- making the prosperity of others dependent upon their ability to help US consumers live beyond their means. But all good things come to and end, and the current international monetary regime simply cannot last much longer IMHO. It is nothing more and nothing less than an instrument for US international economic hegemony.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext