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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (2882)	1/23/2003 9:24:38 AM
From: Jim Willie CB	Respond to of 5423

great summary on CB currency debasement and gold by Grant "Such are the times that few governments welcome a rising exchange rate," James Grant explains. "Each of the three principal currency blocks - dollar, euro, yen - would welcome a falling exchange rate...Of course, the top currencies can't all simultaneously become cheaper against each other. They can only become cheaper against an alternative. What would that alternative be? Constant readers may close their eyes, because they have read the answer here before. It is gold, an asset with the virtue of being mute. It never complains and never explains, and it has no central bank...It does not object if its price appreciates..." like all three CB's will be pumping harder than ever and GOLD is the prime currency it works for me, been saying it all autumn I still maintain that Iraq is #8 on a top10 list now the outsized trade gap, federal deficit escalation, negative shorterm real rates, differential between US and German rates, gold miner hedgebook covering, and JW staphyllococcus, EllyMae's monthly period are all much bigger and less fleeting forces powering GOLD now / jim