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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (195569)	10/6/2002 9:49:28 AM
From: JHP	Read Replies (4) of 436258

tip so far their has been NO pproblem for people in these countries holding dollars, like in NONE! the dollar keeps making NEW highs against the brazilian real, and the argentine peso <<Financial institutions took heavy losses when Duhalde devalued the peso in January, ending its 11-year, 1-to-1 dollar peg. This has had a crippling effect on lending, further hampering economic recovery. The peso has lost more than 70 percent of its value since devaluation.>> my friends in latin america are very happy with their dollar holdings and suggest to me storing and using gold in these societies would be a non starter. gold MAY do wonderful, will we still be alive? we went thru with this same discussion in 1999 and you got mad at me then for what i thought was going to happen HAS happened! so three years later you are still trying to be proved correct SOMETIME in the future, for the sake of thhe world i hope you are wrong. BTW what the fc do i do with these door stops<NG> regards john

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