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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: TH who wrote (12630)3/18/2008 5:23:47 PM
From: WalterWhite  Read Replies (1) of 29622
 
TH - why must "they" stop the POG? Who are "they" in your view?

I see the POG as just another currency, as the Swiss Franc is. If the POG goes up, this does not impact the terms of trade vis-a-vis other currencies such as the Euro. Any price appreciation in the POG is more symbolic of problems in the USD fiat, but really does not tell the world anything we didn't already know. Perhaps the POG can be viewed as a scorecard on how well or not USA Inc is doing. Are not the RMB/USD, Y/USD, and Euro/USD rates of exchange the ones to worry about?

Appreciate your posts a great deal.

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