2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.22

-0.2%

Nov 21 4:00 PM EST

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To: Taikun who wrote (3555)	1/18/2006 12:34:55 PM
From: Seeker of Truth	Read Replies (2) of 217942

I don't understand the message at all. Suppose I have oil which I want to sell and I prefer Euros to US dollars. If somebody gives me USD for my oil I will immediately convert it to Euros and make a small charge to cover my conversion costs. Those who pay in Euros will avoid that tiny charge. Why in the world would I insist on Euros? The US has benefitted a lot from that fact that the USD is the global reserve currency. Why it is so escapes me. A basket would seem to be more reasonable. I remember a few years ago looking at the stock portfolios of some very large Dutch insurers. To my amazement they were way overweight in major US companies. I thought the Dutch were canny business people! The fact is that the US has prestige of sorts. Somebody can explain all this, no doubt. Some poster on this thread said that Iran would lose all their money if they had a Euro market for their oil. That I also don't understand. I have Euro area investments and they are worth something and doing nicely. Seeker of Truth

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