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To: Gabe Heti who wrote (96631)	12/6/2003 4:23:23 PM
From: Chispas	Respond to of 116896

Gabe, you're right IF foreigners do not learn currency translations. I'd expect they are learning FAST.

To: Gabe Heti who wrote (96631)	12/6/2003 4:37:09 PM
From: TheSlowLane	Respond to of 116896

Gabe, that certainly seems logical. But if we get the kind of dislocations that Russell and others are expecting then who can say what kind of shocks will be felt around the world. When the caca hits the blades, there will be enough to splatter pretty much everybody, albeit some to a much greater extent than others. Depends on how close you are sitting to it. As this realization slowly spreads and people start to think, gee, maybe I should own just a little, just in case. Then, even a tiny allocation away from financial assets into hard assets could have an outsized effect on price because of the disproportionate supply of the two. Just a thought...

To: Gabe Heti who wrote (96631)	12/6/2003 4:48:08 PM
From: ChrisJP	Respond to of 116896

Hi Gabe, You'd be surprised at how much commerce is done worldwide on US dollars. People everywhere own tons of them. But more importantly, Central Banks that lend us money have $1 trillion worth of them. Think of the weekend you could have in Las Vegas with that much money !! If I were them, I'd be using some those dollars to buy a metal or material commodity as a hedge. Let me suggest gold, lol. By the way -- just cuz the dollar isn't doing well against the Euro doesn't mean the Euro is doing well either. I was under the impression their economies were weak too. Just my thoughts, Chris