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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?


To: RJ2 who wrote (3020)9/10/2003 11:14:36 PM
From: Eashoa' M'sheekha  Read Replies (3) | Respond to of 37290
 
Gold Is Dead As An Instrument Of Global Financial Leverage.

Much more is at play in this world of globalization and transformed world of instantaneous communications and real time transactions of magnitude.

That is not to say it cannot play a role for countries who are not fully integrated into the system and have fewer reliable assets that can be depended upon in the event of trouble,but by and large,Gold has run its coarse as a means of stabilizing currency fluctuations and being the underbelly of most advanced country's financial make-up.

This is also not to say that one cannot reap profits by " playing " in the Gold market,but Gold's day has past, as I've stated.

Good Luck With Your Investments.

KC