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

To: Chispas who wrote (81829)	6/20/2002 5:12:59 AM
From: LTK007	Respond to of 99280

Dr.Marc Faber points out there are 4 basic international currencies, Yen/Dollar/Euro and Gold. In his view America is now an Empire unmatched since Rome, but this is a costly endeavor. An endeavor so costly the U.S. dollar will become increasingly weakened as the world becomes ever more aware they are just printing more and more dollars and the budget deficits will become to the extreme and inevitably devaluation is down the road. He states for various reasons the 3 main paper currencies are slowly rolling into a cycle of "paper" distrust. he states, regards commodities in general we are in a classic deep bottom but the inflationary forces will start cranking up, though perhaps with brief bit of preceding deflation. he brings out the present production of gold on a yearly cycle is well below what future demand will be, and it takes time to get production up and their will be no rush to melt everything gold(bracelets, cups, teeth whatever:) until gold has exploded. His explaining of relationship between Rome and U.S. was awakening to me as he goes back and reviews what happened to Rome itself as it's Empire came to it's height during the PaxRomana. I will go back and reread this when i can. It is in an interview on a secured site, and i do not have the costly form of Acrobat that enables one to copy and paste secured documents. His rough overview is that this is a developing event, a process, but he says he is bullish gold/precious metals and commodities in general and also buying of land in advance of demand, he for instance is high on Sicilian Coastal land as the Spanish coast is priced out. And so on. :) Max p.s. he did also say POG will have some pullback, and it will be up and downy initially, but trend will be upwards.