Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Bearcatbob who wrote (44220)	7/8/2007 11:06:17 AM
From: koan	Read Replies (3) of 78419

I admit to not understanding weak versus strong currencies. In fact, I believe, in the economic world it is still a debatd issue. The two theories: 1) If any currency is strong it cost less to import stuff, like oil. this is what I was taugth in one graduate course. 2) If the currency is weak one can export with more as your goods are cheaper than other cuntries-maybe, e.g. if you need a lot of oil for your exports-lol. When I took an upper level economics course at the university of washington I got a conservative economics professsor who pounded into us that a strong dollar helped a nation because you could buy other peoples "wealth" cheaply". He had charts and graphs and he and I battled all semester (as you can imagine). At the end of the day he won, as I got one of only of two B's in graduate school from him-lol. He had the last laugh. I am guessing there is a happpy medium but I will be damned if I know where it is. I do not know how everyone can keep debasing their currency forever. It would seem to me eventually all of them would be worthless-lol. I do not understand this one?

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