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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (53708)	12/3/2007 11:42:49 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 78426

"More on Goldman's publication: Robert Hormat, the man in charge of Goldman Sachs Asia, commented on financial TV today concerning the future of the US dollar. He referred to the TIC report and was clearly overall long term bearish. As the dollar goes down so goes gold in the inverse. Maybe he forgot to check with the Goldman commodity department in New York as his presentation was the basis for a long term bull market in 2008 and beyond. Somewhere along the line communications have seemed to break down. I still see that report Goldman put out panicking the NEW Gold community into a state of total confusion, an expected outcome structured for the Paulson presentation today." js

To: tyc:> who wrote (53708)	12/4/2007 2:12:48 AM
From: roto	Respond to of 78426

think of it this way, wouldn't it be a nice idea if tyc printed unlimited currency (let's say your personal checks) with the knowledge that only part of the checks will ever get repatriated & what did would be at a cheaper value. that would be a very good thing for tyc! a few years ago I bought EUR$ for around US$.84 or so..making the US$ highly desirable. the sad scenario began play when the current US administration abandoned the pay down of the nat'l debt, cut taxes to the wealthy, & chose to expand the money supply to maintain liquidity in the economy (as a result of terrorism activities or threats). today, it would cost me around US$1.46 to buy that same EUR$. you can do the math but the implication is the US$ is highly discounted reducing it's value of purchase. the problem is further compounded with the ex- pat US$ with the value steadily diminished. a few years ago I visited Eastern Europe. scarce western currencies are hoarded as local currencies are considered unstable...witness the Russian ruble crisis when the Russians defaulted their foreign bond holdings in 1998 & correspondingly the ruble collapsed in just one stinking day (instant wealth was with the holders of foreign currency). the US$ was paramount as the reserve currency, but in the interim has proven an exercise of frustration to it's owners.