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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (1983)	3/6/2004 3:10:28 PM
From: crustyoldprospector	Respond to of 60918

Tyke, " ...the only thing that has changed significantly has been the value of the US$" An American can take that view with respect to the purchasing power of his dollars. "...truer to say that gold, (and spx and euro) will be temporarily susceptible to rallies in the USD ?" Well, what you say is true in a dollar-centric world. I am suggesting we may need to view everything from a gold-certric viewpoint, that is, go back to the gold standard. If gold is the baseline (invariable), then the USD (a variable) will be susceptible to various forces that are also measured by gold. Gold won't be susceptible to anything. Another way to say it is, all those indicies and currencies move relative to each other and relative to gold, but gold does not move relative to gold. It is the immoveable object. Remember, not only is the dollar changing, the Yen and numerous commodities also are moving, both in terms of gold and the Euro. Is that sufficiently confusing? :) Regards, crusty