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 (44505)	1/11/2004 1:35:00 PM
From: Ramsey Su	Read Replies (1) of 74559

I am beginning to wonder about currencies and gold. So we know the Japanese is probably the number 1 supporter of the dollar. May be they are really not supporting the dollar but rather the RMB, which remains pegged to the dollar? So what about all of China's US$ reserves? It seems to me that they need lots of dollars to buy oil to build up a reserve. Same for other commodities they need? What about the EU? Why should it be so strong? I simply can't imagine what would happen if the dollar drops another 20% against the euro from here. What will happen to gold if all the currencies stabilize here?

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