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


To: Real Man who wrote (12613)10/8/2008 7:11:34 AM
From: axial  Read Replies (1) | Respond to of 71477
 
What's the next-best alternative play to physical gold, in your opinion? ETFs OK?

Not looking for long-term hold: just a mid-term hedge.

Jim



To: Real Man who wrote (12613)10/8/2008 7:15:18 AM
From: TH  Read Replies (1) | Respond to of 71477
 
Vi,

Nice analogy.

The resentment against America is growing by the hour. The French Finance minister was out today with some friendly comments <G>. He said letting Lehman fail was a BIG mistake, and also that the Paulson plan will not work for the EU.

Once the pressure is off(and who knows when that will be), and the acute dollar demand for settlement abates, the world is going to be very motivated to never be trapped by dollars again.

It is going to be brutal.

GT
TH