The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (159578)	10/24/2008 7:30:06 AM
From: Tommaso	Read Replies (1) of 306849

I am trying to understand the strength of the $USD and the weakness of gold. I guess that it is a fact that the dollar is an incredibly convenient medium of exchange and temporary store of value. Whereas gold is terribly inconvenient. I am a lot happier with a debit card in my wallet backed by a good-sized bank account plus a $15,000 overdraft protection than I would be with a pound of gold coins in my pocket. The convenience and safety, not to mention the reduced likelihood of being murdered, are very valuable. Once you think about these things they seem rather obvious. But as I once heard a physicist say, "Economics requires a firm grasp of the obvious." Perhaps when the panic subsides the dollar will start to look like paper again instead of a ticket to escape from Casablanca.

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