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

To: TobagoJack who wrote (21270)	7/16/2002 5:27:20 AM
From: elmatador	Respond to of 74559

While a single currency was being held as reserve, with dollar's down fall, we may not seen gold being the hedge of choice. We have to wait for: The money laundering business (both corruption and drug dealing) to swap currency of choice. The central bank to swap reserves for Euros Most probably a mix of Euros, Swiss Francs and Yen. The Euro was already tested. Now it is about time for the sentiment on those peripheral economies (Sterling, Swedish Kronor) to join in. On personal basis; compounding the basket: Some property, some shares in solid companies like Siemens. Gold will the reserve of value of choice if the world economy really goes kaboon! But there is not enough bogey men around for the US to use an abracadabra and make the world forget the real economy. Doing a Iraq -once again- only will divert J6P from his change in lifestyle forced y dollar's down fall.