0% interest on US$ = no tax to pay to NZ government: < by holding cash and paying taxes to a new zealand that is losing jobs, how much are you shipping to me via gold ramping?> NZ losing jobs is neither here nor there to me. NZ is not actually losing jobs though. What it's losing are people willing to do the jobs offered at the derisory pay rates available. They go to countries such as Hong Kong, Australia, UK, USA, Japan, China, where their talents are better paid.
By holding some US$ cash I am losing versus gold, NZ$, QCOM, oil, and a lot more besides. My bet is that "everyone knows" the US$ is doomed so they have built that expectation into the price of US$ already.
In Y2K - oil $10 a barrel, now $100 = 10x
In Y2K - gold $300 an ounce, now $1600 = 5x
In Y2K - NZ$ was US40c, now $86 = 2x
In Y2K - QCOM was $40 to $80, now $60 = gone nowhere in a decade
Oil was the winner of that small group in this century.
Mqurice |
