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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (12856)1/6/2002 6:05:22 PM
From: Ilaine  Respond to of 74559
 
>>the mere fact that the whole global currency exchange thing hangs together just boggles my brain<<

Me, too. I am in awe of people who actually understand it.

In days gone by, gold held its value because its value was set by Alexander Hamilton at $20.67 an ounce, and it was not changed until 1934, when Roosevelt decreed that it would be worth $35 an ounce.

However, as you suggest, the values of other commodities did swing wildly.


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