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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (2948)	3/2/2006 5:22:22 PM
From: Andrew	Read Replies (1) \| Respond to of 29622

I agree with you long term on the currency issues but it takes events usually to change trends such as these. Till we have an event that changes the perception of the $USD in relation to other currencies I see no reason to go against it. Long term I do not see the Euro as a good alternative to the $USD and if Iran wants to make the mistake of taking Euros for its Oil then so be it. Well see how far it gets them in 5 to 10 years.

To: Peter Dierks who wrote (2948)	3/3/2006 1:41:22 AM
From: Taikun	Read Replies (5) \| Respond to of 29622

It doesn't seem to matter to USD-haters (not putting you in this camp mind you) that the world needs the USD to function and there isn't a working substitute yet. I get a chuckle out of the gold newsletter writers selling their subscriptions and DVDs at conferences and events. "Yes, the USD is dead and you can read more about it in my newsletter for US$5000 a year. We accept Visa and Amex" "We've documented the manipulation of gold in a DVD series you can order online for US$199" Huh? Can you say cart before the horse? Someone explain to me that is the biggest USD haters/gold bulls dont broadly accept alternatives then there isn't much of an alternative. Even if Iran deals oil in Euro what nation reweights and decreases USD lower than trade dictates? What nation wants to risk the global payments system? Oil is a portion of global trade denominated in USD. Remember the #1 US exporter is Boeing. The Iranian bourse will trade a fraction of that oil, and some nations may elect to trade a fraction of their oil in Euros. OK, so you support the Euro and USD tanks. Then the US military finds the dollar is too weak to function and they cant police the Straits of Hormuz. So ask that nation how they get THEIR oil out when the US will only protect tankers from nations that boycott the Iranian bourse.