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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: sea_urchin who wrote (22083)12/4/2004 2:54:33 PM
From: The Wharf  Read Replies (1) | Respond to of 81003
 
Unfortunately, if you want to hedge yourself against USD weakening it means you have to subject yourself to the volatility of the market, and that means you are riding a tiger.

..Too too too true.

Could be a Chinese one at that.



To: sea_urchin who wrote (22083)12/4/2004 6:40:17 PM
From: philv  Read Replies (2) | Respond to of 81003
 
You may have heard of this name, one of your fellow countrymen, Paul Van Eden who happens to agree with you regarding the dollar/gold connection. But of course, no one should be more acutely aware of gold's under-performance than a South African.

It is difficult for most people to comprehend that fact, even Canadians who think about commodities do so purely in US dollar terms, forgetting our own dollar appreciation lately. For an American it must be nigh on impossible to think that the value of gold is down, or that the price of crude oil has not increased. It has been an American centered world for a long time, and habits have been formed which are hard to break. And for some Americans, the rest of the world just doesn't matter anyway.

Btw, Van Eden has his own website, he writes not only about macro events, but about the junior mining stocks. He is a guest this week on Puplava's site. It is a pleasure to listen to people with clear well thought out points of view without all the emotional excesses.