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

To: philv who wrote (22610)	3/12/2005 9:33:18 AM
From: sea_urchin	Read Replies (4) \| Respond to of 81164

Phil > I'm holding my breath and my gold coins. I am not intending to be contrarian now, only realistic, but holding gold in Canada is not going to be of particular benefit to you while the Canadian dollar appreciates in response to USD devaluation, as it has been doing. Here are some charts stockcharts.com[h,a]dalaynay[dh][pd150,2][ilb14!la12,26,9] stockcharts.com[h,a]dalaynay[dh][pd150,2][ilb14!la12,26,9] stockcharts.com[h,a]dalaynay[dh][pd150,2][ilb14!la12,26,9] stockcharts.com[h,a]dalaynay[dj][pd150,2][ilb14!la12,26,9] stockcharts.com[h,a]dalaynay[dj][pd150,2][ilb14!la12,26,9]. Bookmark the page should you wish to refer to them again because the links are "active". Apropos Jim Sinclair's prophesies, although I agree that there will be diversification from the USD by the CBs in future, that is easier said than done for the simple reason that are not too many places to put the money. Much as people don't like the US or the dollar they can't do much about those feelings even if they wanted to. As it is, a mere 30% devaluation of the dollar has brough cries of pain and anguish from Euroland and Japan. Now Uncle Jim is foretelling (on the basis of his gold price figures) that the USD will fall to a half or a quarter of its present value. All I can say is, if that happens, it will be disastrous for many/most other countries. As I see it, this is a game of chicken -- players either have to put up or shut up. If they believe the USD will devalue, then they have to show who will revalue. Can't have one without the other. Much as we don't like the USD, which currency do we like? Indeed, the US knows it has the world by the balls -- and it's squeezing. That's why there may be some truth to what Marc Faber says. Thus, there's no reason for the dollar to revalue other than it's very hard for it to devalue much more, even with the debt and all the other known bad things. It takes two to tango.