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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (3659)12/19/2003 6:28:01 PM
From: Jim Willie CB  Respond to of 110194
 
ZARand has been the fasting appreciating currency on earth
if it rises much more, we will see SAfrican mine shutdowns
such are the perils of floating currencies
the ultimate irony, if you ask me

imagine the gold price goes up so much that the major gold producing nation sees a huge rise in its currency, rendering gold production as unprofitable

even John Maynard Keynes would find extreme irony in shutdown SA gold mines
but I doubt he ever had floating currencies in mind

/ jim