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.

Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (7903)	5/11/2001 7:18:08 PM
From: Shack	Read Replies (1) \| Respond to of 17683

Neither system particularly appeals to me. A responsible fiat system would be desirable but that's like asking for a enlightened dictatorship. A currency is valued on faith and perception, or as you more eloquently said that more reflects the economic safety they desire. Right now the US$ is this basket of security where too many eggs lay. I expect one last hurrah for the Yankee buck as things worsen globally in the next year or so. I am not a gold bug, but for those hoping for $800/oz gold, I believe this will happen but not until we have a new low in the metal first and a new high in the US$ index. That's not to say that we are not on the verge of a major bear market rally in the metal which takes us to $350. I believe that we are. This whole process will take a very long time. I want my nation's currency to represent our economic and political policies. If you are American then it evidently does, excess rules. (no offense to my Yankee brethren of course.)