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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Riskmgmt who wrote (7114)6/11/2006 12:58:15 AM
From: energyplay  Read Replies (1) | Respond to of 217800
 
I am in gold pretty much for appreciation, and about 1/4 in case the sky should fall in.

I expect the USD to lose that 20-30% against other currencies.
I would not be surprised if some other currencies then get devalued about 5-15% over the next 5 years after the USD drops to maintain export competitiveness.

If we look at monetery history since Nixon closed the gold window, there have been an oscillation between a too strong US dollar and a too weak. See Plaza Accord, etc.

This should be a chart of the US Dollar index cash.

mrci.com

Note the gold price spiked earlier, and then somewhat opposite of the dollar index.

mrci.com