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

To: Taikun who wrote (32779)	11/25/2004 2:41:32 AM
From: LLCF	Respond to of 39344

<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.> It's because they KNOW that all that is structural and has nothing to do with the currency!! The Swissy will continue to be a hard currency and Prechter knows it... it's practically as good as gold. <But, I can't see how currencies are our savior if countries are going to follow the US> No one can follow what the US has done... The IOU's outstanding in $US insure it's underperformance against most other currencies because of that. What will be the point of selling your own currency for dollars as the ball gets rolling?? As $US continues to slide trade wwould seize up even worse if companies don't have SOMEWHERE to put their money!!! Even domestic business would suffer around the world if a company couldn't even deliver a good without getting back a worthless paper a week later even in their own currency. The only question is WHEN does the world finally get the fish slapped across their face and stop the maddness of buying dollars. If there is ONE smart German left in the ECB, they will continue to let the Euro rise and become one of the new world currencies. BTW, the beat goes on: quotes.ino.com AND, WHAT is the Korean CB THINKING getting involved this early in the game??? DAK