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

To: tyc:> who wrote (21094)	11/21/2004 1:54:14 PM
From: Claude Cormier	Respond to of 312409

Yes I believe it is different. I think a major crisis (shift) in currencies will happen within the next 5 years. I.E. The collapse of the USD dollar will bring other currencies with it. Collapse here doesn't mean "end of the world", but implies a major shift of powers. In other word I prefer to own stuff (gold, good business, good real estate) rather than currencies or debt instruments. Short, intermediate and long term, although correction are inevitable, my focus will remain on gold and gold stocks. These things takes decades to install. So the $CAD/gold exchange rate of the past 20 years is really a small blip. Yes it is important, from an investment point of view for you, me and other investors, but irrelevant for wwhat I think is coming, which is gold much higher in terms of both the CAD and the USD with the CAD/USD at closing on par value. In short, I side with James Turk opinion as stated in his new book.