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

To: jim black who wrote (66771)	7/24/2006 10:59:06 AM
From: Tommaso	Respond to of 110194

I have a good friend who got a grant to pay for this summer's work on his archeological site in Crete. He was complaining that the dollar had fallen, that he couldn't get as many euros as he had counted on, and that he wouldn't be able to hire as much help as he needed. I explained that there were ways to hedge against a dollar decline. He expressed dismay at my lack of patriotism. He also buys Ford cars (I buy Toyotas). I figure that if Bill Gates and Warren Buffet, the two greatest living benefactors of humankind (through the Gates Foundation) can warn against a dollar decline and hedge against it, there's nothing immoral about my doing the same. I give away a lot of money, too, on a vastly smaller scale. As a matter of fact, I had made a sizeable donation to my friend's archeological trust fund. I don't think there much likelihood of hyperinflation, however it is defined. But I expect to see dollars buying 50% less than they do now over the next 8-10 years, and I agree with you (and Jim Rogers, et. al.) that commodities are better than money for preserving wealth.