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To: orkrious who wrote (249662)7/11/2003 6:43:24 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
This is why gold remains the macro no-brainer (thanks, LLCF) of our lifetimes!

That brings me to a point about gold, which is the real currency in all of this. Recently, gold has tended to trade along with the euro, but it has now begun to shake off the shackles of trading "with" other currencies, and started to trade on its own. We are definitely witnessing the race to debase (thank you, Joanie), as the Japanese finance minister also made comments last night about his currency being too strong. So basically, nobody wants a currency that's worth a damned thing. That's why gold will rally against all of them.

Disclosure: LONG a bunch of rummy gold and silver stocks (AU, BGO, GFI, HMY, HL, PAAS, TGLDX, FSAGX). And I own a fair chunk of gold and silver bullion, too.