Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (20768)	7/4/2002 11:31:17 PM
From: TobagoJack	Read Replies (1) of 74559

Hi Elmat, <<people by their own will exchange their local currencies for USD>> ... I have made paper gains this year, to date, when translated to USD; I made enormous gains if translated to the Zimbabwe Dollar or the Argentine peso. I have not recognizing the gains in terms of USD, and will not be doing so for a while. I have started to buy paper gold, a currency belonging to a nation-state that is more a state of mind:0) and today, I started to buy Canadian Dollars, using my US Dollars, while staying still on my Euro, AUD, CHF positions. I will be having dinner with my nephew's partner tonight, a physical and financial non-ferrous metal trader. Chugs, Jay

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