Nice 2C U mention the role EU is playing in Y2K/US$/Au dance! Some posts need 2B revisited, and this definitely is one of them.
In all the smoke and mirrors being foisted on us daily to keep the US consumer and goldbugs in particular off guard,
it is nice to be reminded of where we are NOT supposed to be looking...
i.e., the inexorable march toward the 6mo US$ devaluation heading our way...yes, I said 6 months...
we have 2 "reserve currencies" now...one hard and 1 fiat...
that makes up 100% of the pie.
in 6mo, folks...3, yes, THREE reserve currencies will make up 100% of the pie
1 hard currency
1 fiat currency
and 1 partially backed fiat currency, issued 1/1/99
And it is already more valuable by almost 10% NOW acc'd to the future EU contract.
So, if the status of the US $ curren 50% of the reserve pie gets reduced to 33.3% by the change of the calendar from 1998 to 1999,
that is one hell of a devaluation, folks.
And since it really is already 10% BEHIND the EU on the world currency markets now, that means another devaluation de facto, simply by being IN the same "reserve currency pie" as the other two.
Put that in your pi(e)p and smoke it folks....
Less than 180 biz days to acquire gold at anything approaching these price levels, unless you ...
prospect and find it like I do for free
...or recycle and find it like I do for $20 per oz***
O/49r
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