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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (10616)	12/18/2002 10:32:47 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

I disagree, gold is superior to euro even here in about 1-2 months, the ECB will be changing again their tune they will join forces with the USA and Japan in flooding their world with printed money Mauldin calls it "the competitive currency devaluations" Europe will not stand for a currency worth $1.10 the appreciation hurts their export business at a time when financial markets wont benefit from inflow of foreign investment funds, except for eurobonds ECB will fight it with their own debasement plans that will center on a Monetization Policy to match Bernanke's in time, Asia USA and Europe will all be very active in driving down the value of their currencies to ward off deflation in doing so, they implicitly increase the value of gold and commodities the ultimate winner in dollar, yen, euro debasement efforts is gold other commodities will benefit look at it this way if major currencies are each cheapened intentionally, then what is thus raised in price on the currency front? GOLD, the mainstay, the stable base, the historical foundation wait until the Central Bank induced inflation hits the scene the first wave will accentuate the runup in commodities the second wave will offer widespread mild renewed price inflation in goods & services meanwhile, health costs, tax costs, services costs, tuition costs all are rising they never stopped with euro rising from 99c to 102c, that is 3% with gold rising from 320 to 336, that is 5% gold is winning so far imho gold will continue to outpace the stodgy staterun currency / jim