GOLD-XAU Message Board - Msg: 3012340

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Gold/Mining/Energy : GOLD-XAU

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To: Bucky Katt who wrote (743)	12/19/1997 10:44:00 PM
From: Richnorth	Read Replies (2) of 1756

For a long, long time I have been hearing that the Canadian dollar is undervalued, i.e., its value should be much higher than it is now. But political and economic cirmcumstances have been such that the powers that be have seen fit to let the Canadian dollar get to where it is now. A couple of investment houses told me in 1995 that the Canadian dollar was headed higher to US$0.85. Three years had gone by and it went from US$0.78 to ~US$0.70! What a disappointment! After the Mexican fiasco and subsequent bailout, someone remarked that both the US and the Canadian dollars would eventually become the pesos of the north. Although the US$ is still strong, (and it is now strong because the investing public is still enjoying relatively good times and does not know any better) it will, in course of time, become weak. It seems to me that that someone knew what he was talking about. We are certainly living in interesting and tumultous times, aren't we?

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