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


To: regli who wrote (47064)12/11/2005 10:10:09 PM
From: el_gaviero  Respond to of 110194
 
Good post. (eom)



To: regli who wrote (47064)12/17/2005 10:05:40 AM
From: skinowski  Read Replies (1) | Respond to of 110194
 
Sorry for the delayed reply to your thoughtful post.

I'm not sophisticated enough to understand all the mechanisms which may hurt the value of the Dollar (is anyone?). What I do know, is that if I were a German in 1923, I would be a much happier camper if my wealth would be denominated in Swiss franks, or in US Dollars, or some other stable currency or store of value.

The same would be true for a Russian after the demise of USSR... or, an Israeli during the late 70's... or, an Argentinian some years ago. All these are recent examples of paper currencies going out of business.

So, what would be an effective vehicle for preserving (and maybe increasing) wealth during what - as we expect - may be a period of major economic perturbations in the years ahead?

Maybe investing in a basket of "safe" currencies should be part of the strategy. Like you, I believe that the oil supplies are not unlimited, and that we may well be in the vicinity of Peak Oil. Gold is definitely one of the candidates.

Speaking of gold - It appears that it did make some sort of a meaningful top earlier this week. The McClellans issued a bearish report - didn't notice it being discussed here.

mcoscillator.com

My comment:

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