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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (3718)	1/29/2008 9:38:01 PM
From: Real Man	Respond to of 71475

And this was the reason -g- However, CBs have no silver. -g- Miners sold gold too, especially Australian miners. Some sold more than their reserves -g- That alone powered gold from 250 to 500. Bank of England is my hero - they got rid of their gold at 255$ per Oz in a series of auctions. They must be very proud now -g- I bet CBs are more reluctant to sell it now and, in fact, want it back -g- Gold did not look all that boolish in 1999. -g-

To: Giordano Bruno who wrote (3718)	1/29/2008 10:06:46 PM
From: Real Man	Respond to of 71475

Coming back to USD, the World #1 reserve currency, I don't see extremes of this kind yet. CBs are just getting nervous. It will be universally hated at some point, even as the current account deficit reverses and becomes a current account surplus. BLS will be brutally honest about inflation, but inflation numbers will not be trusted, and so on. You get the picture -g- FWIW, I'm thinking of buying Nikkei before I buy US stocks as an investment, but not yet. Japan needs a banking crisis.

To: Giordano Bruno who wrote (3718)	1/29/2008 10:20:53 PM
From: Real Man	Respond to of 71475

US secular bear market is now 8 years old, even though for the last 5 years it has been invisible. Hey, no great depression. Some outsourcing, and prices keep rising, while salaries don't. Lies about inflation keep the interest rates low. Life was not so bad after all, so far. -g- And when this gets into low single digits, it's over -g- I bet it won't be that much fun at that point, but we will survive. No need to stock on canned food and stuff, as box is proposing... I hope -g- The Japanese managed to live normally for 18 years now after their bubble burst, and that was some Re bubble. I think the land under the Emperor's palace in Tokyo was worth more in 1990 than the State of California, but I'm not so sure -g-