Gold Price Monitor Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Barendrecht who wrote (1024)	8/4/1997 3:45:00 PM
From: PSkars	of 116791

Cash is King only as long as the gov't can convince people that it is king...if you want to see what is going to happen to the US$, look no farther than Mexico for your example. In 1980-1984 Mexico was head deep in debt...then they had no way out so they devalued the peso from (5 to the $1) to (2850 to the $1) in less than 6 months...I saw it happen, I was there before and after...and it all had to do with debt and the loss of confidence that that debt could not be maintained...Our turn is coming next...5 Trillion in debt now (on the books) (16 trillion Off the books) and one hint of recession and this dollar is toast...Also, remember that a lot of foreigners own US Stocks which they had to pay for in US$. When they sell those stocks,(ie. on a stock market decline) they will repaitriate those $'s into local currency forcing the US$ to fall. Granted, no one knows when this will happen, but everyone knows it will. "Cash is King" only for a short time. Count the days when Gold will be King. Best of Luck Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next