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

To: sea_biscuit who wrote (70646)	10/30/2007 3:15:09 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Pricing unit is 100% irrelevant....... if you are buying right here and right now. But if you are saving up money to buy later, you better save in terms of the pricing unit, or else, you will be faced with not one, but two fluctuations - one, in the price of the commodity itself and two, in the exchange rate between the currency you saved your money in and the pricing unit. Almost correct. If you are saving, you better be saving in the currency that is going up (the currency rising may not be the pricing currency unit). Yes, pricing unit refers to the here and now. Saving is indeed another matter. Mish