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To: mishedlo who wrote (268470)11/22/2003 3:33:13 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
Exactly what "insurance" do you think he is talking about? Gold? Other currencies? Short positions in the stock markets?

I want to buy some of this "extremely cheap insurance" if it is something I don't already have (namely everything listed above).



To: mishedlo who wrote (268470)11/22/2003 8:57:07 PM
From: Haim R. Branisteanu  Respond to of 436258
 
easy to give advise that is not executable.

As bad as the US financial situation is Europe is not in better shape, nor are many other countries.

The root of the problem goes back 40 years when "money" started to be "fiat money" at the time the markets reacted naturally having silver racing to $60 and gold to $850 ..... that was the "real money" for human for several thousand of years.

CB's around the world squashed the rally of the "old money" and this was way before AG was our CB.

The major question now is what will be the future of the fiat money and if the world CB's have learned something from history and if so how smooth a transition can be put in place.

If they will continue to be ignorant and stubborn filled with national pride we all will loose big and anarchy may prevail ……… my take common sense will bring them together, but at a price