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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (43597)	3/24/2002 5:14:13 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Joan, I apologize, I should have added a <g> after my sentence about tariffs. I think your parents were quite right at the the time, but since Breton Woods, the picture has changed and gold has been intentionally (and in my opinion for good reasons) put in the jail house of currencies. I am not sure what is the best method (I am of the opinion that the Euro is going to face impossible tensions within Europe in a few short years, thus leaving the US dollar, by default, if not by right as a major relatively stable currency) of maintaining vibrant international exchanges, but it is clear to me that using gold as the standard against which international trade is carried out will bring a major calamity, that is the kind of calamity the CB's are trying to avoid by keeping a stiff lid on gold price. See for instance post #reply-16866268 copied by Misheldo onto the CFZ thread (from which I am barred), or this post to George #reply-15827652 from last May (suggesting gold might have a move just before we take another major hit in equities this year, I have April/May this year as a major top for equities, so fgar gold is behaving "according to plan"), or another post from May 2000, two years ago, #reply-13792344 Zeev