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

To: TobagoJack who wrote (34474)	5/28/2003 3:47:29 PM
From: ild	Read Replies (1) \| Respond to of 74559

<<<The USD has been the (second) defacto currency in China since 1982.>>> Jay, when did it become legal to have USD in China. In USSR having possession of a foreign currency could put in jail for long time. Right now Russia is completely dollarized. Most prices on durable stuff are in "units" where one "unit" is one USD. Most citizens and business people are still do not trust to Ruble and very suspicious about Euro. Everybody has Dollars and they want Dollar to be strong. In fact they are shocked to see USD sliding after USA has won the war.

To: TobagoJack who wrote (34474)	5/28/2003 6:17:19 PM
From: energyplay	Respond to of 74559

Notice that China will be able to buy gold about the same time GLD will list in the US ? Might create a gold rush.... I will go long gold, (but now right now at $370....maybe in two weeks) As for JPM and GS, these are middle men, and will play the trend and not against it. Rumour a few years ago that GS partners were doing their on private investments in gold, long before thier clients ... It could just see JPM being long gold, and letting the hedge blow up to start a rush to our yellow metallic friend. So I won't take the JPM side of the bet - there is no side - they are middlemen, with no fixed interest.

To: TobagoJack who wrote (34474)	5/28/2003 7:05:01 PM
From: marcos	Read Replies (1) \| Respond to of 74559

'plus gold will be a thermometer up the government’s behind' That's the way it should work ... i'm not with those who advocate that any of the major fiat constructs peg themselves to gold, because then you're back to the old story of politicians diddling with the yellow, confiscating it from the citizens, etc ..... better to leave it independent ... then Mqurice will learn to love it for that alone, first before discovering what a state of the art technological marvel it is, really .... remains only to translate nahuatl* into maori, and vwahlah he's mAurice -g- Gold is actually not 'up' much at all at the moment, though ... just looks that way in usd, which is having seigneurage air burped out of it .... here's gold in loonies and euros, flat over the year, and slacked off, respectively - investorshub.com ... different story when it rises in these other two, imho, then we see the gold shares do better So do you think there will be a net physical offtake by chinese individuals and/or corporate entities? .... so much of trading is just a paper shuffle, not even that really, it's just electrons wiggling back and forth on these mysterious contraptions we use .... but the hard cool heavy bullion, that is where the buck stops * - nahuatl is the language of the azteca .... only living dialect of the uto-azteca family [bunch of gibberish, you got to watch those people, they're all norteños to we the Normal, a/k/a maya]