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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (96438)	11/25/2003 9:02:43 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 116753

The whole dollar valuation issue confuses me. On one hand we have what sure appears to be fiscal lack of responsibility. On the other hand I simply cannot see the Euro higher and European companies surviving. What appears to me to be required is inflation. For that to happen we need a break down in free trade. Perhaps that is the thing to watch. So - if there is to be an inflation - how long would it take to show up? Bob

To: Chispas who wrote (96438)	11/27/2003 12:19:21 PM
From: Chispas	Read Replies (1) \| Respond to of 116753

Chris Wood wrote this in July...He's probably correct... ................................................... (Chris' employer is Credit Lyonnais.) "Wood predicts that by the end of the decade there will no longer be a possibility that the world's central banks can control the situation, and there will be a truly massive devaluation of the US dollar. 'The view here is that the US dollar will have disintegrated by the end of this decade. By then, the target price of gold bullion is US$3,400 an ounce.' That is roughly 10 times gold's current level. If that were to happen, Asia's holders of dollars would be forced to start selling them or see their own reserves collapse. If they start to sell them, the price of America's paper will fall even faster....." atimes.com