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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From: UncleBigs	7/23/2006 6:07:12 PM
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There is roughly $740 billion in u.s. currency in existence and $2.7 trillion worth of gold (4.4 billion ounces) in the world. One of these is real money and the other is perceived to be real money but isn't exchangeable into goods in anyplace in the world. One is backed by the most prosperous, powerful nation on earth and the other is a commodity that has very few useful properties other than jewelry. One is marketed by a sleazeball, greasy haired salesman on infomercials and the other is only obtainable through hard work. It's been said that gold is the only form of money that isn't someone else's debt. Wrong. First, gold isn't money because it isn't used a medium of exchange anywhere in the world. Second, u.s. paper currency represents nobody's debt and is the most universal form of exchange in the world. Seems to me that u.s. dollar paper currency is more rare than gold. I think long u.s. dollar and short gold is a good pairs trade.

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