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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (37261)9/15/2005 1:12:13 PM
From: Knighty Tin  Read Replies (1) | Respond to of 116555
 
mish, they believe that if they ignore gold, it will die of its own accord. Don't treat it like it belongs in a discussion with fiat money.



To: mishedlo who wrote (37261)9/15/2005 2:32:26 PM
From: Crimson Ghost  Respond to of 116555
 
I think you are dead wrong Mish

Greenspan may not give a rat's ass about gold per se but he and his associates care very much about what a surging gold price ultimately means for the US dollar and its ability to maintain its status as the key reserve currency.

Were the dollar to lose this status US living standards would plummet even without a global recession and the ability of the neo-cons to carry out adventures such as the Iraq war would be grealy curtailed.


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