Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: clutterer who wrote (7676)	6/6/2002 12:09:45 PM
From: The Vet	Read Replies (2) of 16631

When Brock says ... << won't get you to a gold pricing model that anyone is willing to bet their capital on, he says>> What he means but can't express is this... How true, but I read it like this... If I buy a share in Tyco for instance, in a year or two I may have something of value or I may have a poor quality sheet of toilet paper. If I buy an ounce of gold I will still have an ounce of gold. That article simply perpetuates the problem in perception that most Americans can't shake. They assume that the way they measure wealth, the almighty US dollar is a fixed standard measure, not the flexible wavering thing that it has become. A dollar bought 1.075 Euros yesterday, today only 1.052 Euros. CNBC will preach that the Euro has strengthened but gold tells me the truth that the dollar has weakened and is still weakening. The world is not buying gold, it's selling dollars; try to appreciate the difference. The problem is not pricing gold, it's pricing the US dollar, and nobody has a model for that either...

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