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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (31480)4/30/2005 8:52:57 PM
From: chainik  Read Replies (1) | Respond to of 110194
 
<Arabs start valuing oil in gold>

<Why do people keep saying this?
It is silly>

It is certainly silly, except for the psychological impact. Such shift would imply that a particular group (Arabs in this case) has more trust in gold than in USD. And if eventually there is no trust in USD by the majority of population....




To: mishedlo who wrote (31480)4/30/2005 9:07:46 PM
From: Square_Dealings  Read Replies (2) | Respond to of 110194
 
well for example South African gold mines are nearly out of business because gold is priced in dollars and the value of their currency has gone up relative to the dollar

so you figure it out

m


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