Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (16594)	10/20/2004 1:38:45 PM
From: jpthoma1	Read Replies (2) \| Respond to of 312554

Good point Bruce, but I am waiting for the day that traders fly from the US$ into gold and other hard assets, instead of other currencies. They did that once in the last 25 years (gold and real estate) and really got burnt! Are they still afraid now? I am! JP

To: Bruce Robbins who wrote (16594)	10/20/2004 1:44:53 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 312554

"I would pick Euro. At least it has more gold backing than the other two." There is another factor to consider here. If the Euro rises to 1.29 they are going to absolutely panic over there. But it looks like it is in the cards anyway. There is every reason now to believe we are finally seeing the last days of the USD and the beginning of a reduction to the practice of supporting the dollar by Japanese and others. My only wish is to see some of these countries start buying gold as well as treasuries and property overseas. The way things are going Japan will own the USA ....deja-vu?