The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Taikun who wrote (30779)	4/16/2005 8:04:14 AM
From: orkrious	Read Replies (1) of 110194

It won't happen overnight, then, will it? It took time for goods to be priced in USD from Pounds, and trade didn't shut down. How long do you want to wait in goldthinking the CBs have it wrong and will recklessly abandon USD without a replacement. That seems to be the catalyst for the gold trade. taikun, I think this is the point we all agree on. personally, I think this shift is imminent, it will just start subtly (if it hasn't already). we know several CBs are diversifying away from dollars. argentina, russia, and malaysia have stated such, and it wouldn't surprise me if china and japan aren't buying as many dollars as they otherwise would if they didn't see this change coming. china is likely already buying gold.

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