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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (2065)	6/6/2002 9:43:08 AM
From: GraceZ	Read Replies (1) \| Respond to of 17639

Those 'Bugs sure come up with some weird scenarios all leading back to the re-institution of the gold standard. If anything we're moving away from fiat money to completely electronic, even further from hard assets as stores of wealth. Although in the last year or so some people are turning back to hard assets as evident in the POG (especially in countries where their currencies have been under pressure) and real estate. Gold had become the cheapest thing in the universe as little as a year ago. What is interesting and puzzling is that almost all the money created by the Fed in the last year has gone into currency, the growth in currency and the permanent reserves added is the same- while C&I and CP have been steadily dropping. Yet, as I said above, we're moving further and further away from conducting transactions in currency. Where's all that currency going, is it leaving the country or have people taken to burying it in the back yard?