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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (34964)	5/20/2008 3:28:35 PM
From: Maurice Winn	Respond to of 218000

ElM, you quote the less important part. Here's the good part. You can see from the current price of gold that a lot of people have gone on to believe that gold will indeed become a gold standard currency, which it won't. < f 6 billion people and legions of companies, governments and other institutions try to use gold as a money gold standard, gold will have to go way above $2000 an ounce. I forget what I calculated, but maybe it was $10,000 an ounce. People would make the Easter Island moai makers look like amateurs in the global frenzy to dig gold, filter it out of the oceans and conduct other ridiculous operations. I am sure you think that that is precisely right and that that is what will inevitably happen [despite the future being unpredictable]. Meanwhile, there is quite a lot of fun in the financial markets now as financial relativity theorists get out their slide rules, calculators and spreadsheets and start conducting major financial manipulations.> Gold might get to $2,000 or $4,000 but not $10,000. Since we are well into the house price crunch and the financial relativity theory crunch and we are still, apparently, but not certainly, outside the event horizon, gold looks to have done its dash. Secondary and tertiary waves of market clearing crunch will continue, but like aftershocks rather than "the big one". Mqurice