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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (21899)11/19/2004 6:11:09 PM
From: DukeTheDuck  Read Replies (2) of 80932
 
Searle>From the chart, it looks (to me) like there's still a fair bit of upside left. And indeed, I don't see anything frightening in this chart -- it's the dollar that's scary.

I guess I'm looking at it from the other side of the coin...
I see Gold approaching "out of control" territory, thus being a distinct indicator of an immediate danger to the USD.
In my mind, when the Central Banks of the world and the gold hedging programs can no longer control the price of gold, it has most always indicated runaway inflation is already underway. But...................You're much more correct to say "it's the dollar that's scary"

>Of course, the appreciation of the REIT has been much greater than than the inflation rate and that does signify the development of a bubble, but what choice do most people have but to ride the tiger.

I agree, but my cynicism shows whenever I even think about REITs...I consider a REIT just a new name for the "Real Estate Limited Partnership" of 15-20 yrs ago. Many of those went belly-up and left vast numbers of buildings empty. I remember being in Denver at the time and seeing hundreds of office buildings completely unoccupied(just in the few miles near Littleton along I-25). Almost all of those were funded by Limited Partnerships.

Thanks for your thoughtful reply.
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