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

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To: sammaster who wrote (275541)	1/29/2004 9:41:32 AM
From: zonder	Read Replies (1) of 436258

fear of uncontrolled inflation... or the fear that their currency will become worthless I agree with you that inflation expectations go hand in hand with devaluation expectations. Yes, that could be an incentive to buy gold for some of us. However, there are recent alternatives, like EUR. Besides, the fact that gold is quoted in USD is a disadvantage in its being a hedge against a possible devaluation of the USD, imho :-) the way the world is printing money to keep their currencies weak Only if you define "the world" to exclude the countries that have already started to increase interest rates, such as UK and New Zealand. it seems to be inflationary for now It looks rather inflationary for the US (not for the entire world), I agree. Just look at PPI numbers - 3.4% in August, 3.5% in September, 3.4% in October, 3.4% in November, and (ta-taa!) 4% in December 2003, which happened to be the highest comparable figure in the past thirteen years. Or, if you listen to Fedspeak, there is danger of deflation and Fed funds rate needs to be kept at 1% - at a level of negative real interest rates :-)

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