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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: gregor_us who wrote (13029)5/1/2004 12:59:45 PM
From: orkrious  Read Replies (1) of 110194
 
I can see gold working in a state of Chaos, where everything is "going down" as you say. But I have doubts about where gold winds up standing after such conditions play out.

no question. at some point, when some fiscal responsibility is adopted, gold will be a sell. I just hope I can recognize when that is. <g/ng>

I think the dollar strengthens eventually on such chaos

strengthens against what? against other currencies? not until the chaos is resolved. against assets in this country? yeah, at the bottom, after the debts have been liquidated, it will have no where to go but up. am I missing something else?

I think the Argentinians and other South American Chaos examples...then they actually tried stocks--because at least stocks represented real assets.


stocks as currency? what are you saying? stock markets go up and down even in currency crises. I read the other day (can't remember where) that markets in weimar germany had huge moves up and down, including down 50%, while the currency was being obliterated by hyperinflation. yeah, stocks represent claims on hard assets, but what are they worth and will they hold their value against other currencies?
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