Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (62197)	1/17/2007 10:10:38 PM
From: bart13	Read Replies (1) \| Respond to of 116555

Oil quoted in gold is as meaningless as oil quoted in Euros or Swiss Franks unless and until they take actual delivery in gold. That would drive up the price of gold, but it would not do a damn thing to the dollar or the euro or the yen or the price of gasoline. One of the definitions of money being an idea backed by confidence, I think we have to agree to disagree here. Some confidence would be lost in the dollar if oil was regularly sold in Euros or whatever and there would be more than a zero effect on the dollar.