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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (32767)	11/25/2004 12:22:56 AM
From: Taikun	Read Replies (1) \| Respond to of 39344

DAK, Even if Precter is right, I don't understand how buying currencies (what he advocates) could work when one of the best (the SFr) is so high the country suffers from unemployment and productivity problems and it not competitive anymore. All the Italian outsourcing, for example, has gone to China. (There was a FTZ in the south where Italian textile cos made clothes with cheap imported labor) I suppose you could try spray 'n pray on currencies. The Thai Baht looks cheap! Faber likes SGD. I suppose a good pair to CAD is NKR. The Yuan may eventually be a reserve currency. But, I can't see how currencies are our savior if countries are going to follow the US (or be led by the US) down the devaluation path. I can't help but think that devaluation should be good for PM and bad for currencies, but Precter thinks there will be a shortage of currencies when the bubble eventually pops. The currency market has pretty good manipulation, though, just like gold. I can't see how god would fare worse. D