Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (30009)	3/30/2003 6:24:39 PM
From: Scripts	Read Replies (2) \| Respond to of 36161

I wonder what would happen if Canada priced its oil and natural gas in EUs?

To: Frank Pembleton who wrote (30009)	3/31/2003 3:01:31 PM
From: c.hinton	Respond to of 36161

A funny thing about money is that familiarity can make a unit of account more valuble than a physicly equal other unit of account.an example is the difference between mexican peso of the 18th century and a standard US Morgan dollar of the same period.When it came to trade with china one ounce of silver in a peso carried a 15% premium over one ounce of silver in a Morgan dollar.For more imformation see Breens Encyclopedia Of US Coins under the heading "Trade Dollars".A "trade dollar" was an OVER weight silver dollar minted for the sole purpose of foriegn trade. That oil and gold are priced in dollars make the dollar a standard reference point just as the peso was .Being a reference point makes the dollar worth more than it actually is. Market psycology is the reason why economics is such a dismal science.