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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: paret who wrote (2068)	3/4/2006 11:23:28 AM
From: sea_biscuit	Respond to of 7944

It is a good idea, but it doesn't make much sense to bet against the USD with another fiat currency like the Euro (though for a large outfit like BRK that may be the only option). Gold has risen against all currencies last year and has risen against the USD ever since the dollar bear started in 2001/02. The only other real currency is oil and that is why Iraq was invaded and made into a protectorate. And that is also why Iran is now in the crosshairs. You can print all the dollars you want, but without the oil to back it, it has no value. Of course, the USD will continue to rise relentlessly, because the war in Iraq has gone so well! ;-) ;-)

To: paret who wrote (2068)	3/4/2006 7:14:55 PM
From: ~digs	Read Replies (4) \| Respond to of 7944

US Dollar Index .. weekly chart stockcharts.com if i'm not mistaken, berk's bet against the dollar was at least partially initiated when the index value was above 100. they showed a large gain (on paper) in 2004. now, w/ this bear market rally, perhaps that paper gain has diminished by '$926 million' buffett's bets are Long term.. his bet agaist the dollar probably hasn't played itself out yet don't forget berk also bot a lot of silver years ago (to the extent that he was asked to stop buying).. and so presently that bet, which is also a vote of non-confidence re the USD, doesn't look too shabby otoh, i do not like his portfolio of insurance holdings