Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (37058)	8/9/2003 6:02:34 PM
From: BubbaFred	Read Replies (1) of 74559

Several key points by NEM's Pierre Lassonde for bullish gold. He tries to be very optimistic on US ability to resolve trade deficit and GDP "would take a number of years to resolve". ------------------------------------ "Mr Lassonde said the Asian economies of China, Japan, Hong Kong and Taiwan had almost $US2 trillion of reserves." "If they stopped buying US dollars for any reason the dollar is going to tank, and that is what's pushing the gold price up," Mr Lassonde said. "...structural imbalances with the United States massive trade deficit and GDP, were expected to take a number of years to resolve." "We continue to be very bullish on the gold price because we don't seeing it being resolved very shortly. "And the fact that the US is trying to be the world's policeman only makes it worse. "Wars are the worst inflationary environment because money is spent on bullets that are wasted. "It is unsustainable." Message 19194965 theage.com.au

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