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To: Bearcatbob who wrote (96451)11/27/2003 3:13:31 PM
From: Chispas  Read Replies (2) | Respond to of 116752
 
In that article, Russell ALSO talks about the Euro...

.......................................

"How do we defend ourselves against the steadily declining dollar? There is gold, and there are other currencies. And then again, you can simply do nothing and hope that a falling dollar will not affect you.

My own inclination was to buy short-term German government notes denominated in euros (and I have done that)...."

......................................

As Russell said, "You can simply do nothing." So be it.



To: Bearcatbob who wrote (96451)11/28/2003 2:29:58 AM
From: The Vet  Read Replies (1) | Respond to of 116752
 
Bearcatbob... The relative valuation of currencies issue is like two kids blowing up balloons. With each puff they alternatively exclaim "My balloon is bigger than your balloon" and then the current loser gives his another puff of air....

Measuring two inflatable but fragile items against each other. One has to appear to win but the final result is inevitable; the competition sometimes lasts longer than one might anticipate though....