Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (25875)	12/19/2000 10:57:53 AM
From: r.edwards	Respond to of 65232

Actually long tall blondes are worth more than gold to arabs. They sell oil and receive dollars and buy a myriad of assets from real estate to global stock portfolios all priced in dollars regardless of the purchasing currency originally. A hotel in denmark will have a value based on guilders converted to euros, converted to dollars. One LTB equals about 1MM us$ equals about 34482 bbls. of crude,,,etc,,etc... As long as Maslow's rudimentary needs are met the demand for LTBs is inelastic.

To: SGJ who wrote (25875)	12/19/2000 11:31:16 AM
From: edamo	Respond to of 65232

qcoman...."the truth is that for the most part oil is traded for gold" really now, where did you get that idea???? doesn't exist in the real world international oil market that i deal with on a daily basis!!!! "reality check" september 22 1971 " opec directs members to negotiate price increases to offset the devaluation of the us dollar" from the doe by way of the arab american chamber of commerce(of which i am a member in good standing): arabchamber.com basic math....if i must sell a product in a specific currency, i must ultimately convert that currency to my local currency. regardless of whether i buy gold or pokeman cards with my newly converted windfall, the reality is that if the original currency is weaker then my currency, i get less on conversion... producing countries set the price, not the consumer....and if the dollar weakens, then the price goes up to all... get your "truths" correct...misinformation can cause one to "mis" invest... good luck ed a. p.s..."arabs purchase gold...they hold no foreign currency"....then what is on deposit in major usa money center banks?????