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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (125193)	10/2/2000 11:48:41 PM
From: Jim McMannis	Respond to of 1578501

Ted, RE:"You're saying that the dollar may weaken against other currencies...is that right? That's its buying power will be hampered" Chic has the right idea about tying the POG to the dollar. In the last decade however, when the dollar weakens the money flows to other things like other currencies...rather than gold. Used to be that gold was viewed as an alternative currency. Last time I remember the sinking dollar and rising gold was back in 1985 when the group of 5 led by James Baker made a concerted effort to devalue the dollar. Gold started a nice 2 year run at this time. Foreign stock mutual funds received a double whammy and went up big time. Most of it based on the currency fluxuation. Jim