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


To: TobagoJack who wrote (43120)11/25/2008 10:24:09 PM
From: A Horse With No Name  Read Replies (1) | Respond to of 217737
 
tobago i need advise. in one of your posts you mention that to keep 50% in gold and 50% in US dollar is a strategy where you could lose 25%. my fear is that the US dollar will either be devalued outright by the govt or the treasury will default. so to keep the above balance and save yourself from devaluation of the dollar would it not be prudent to find a currency which matches US dollar moves and invest in that. the closest thing i could find is the Yen as suggested to me by another poster. do you think that is a sound strategy.? maybe 50% gold 25% USdollar 25% japenese Yen.
but do you think once the unwinding of the carry trade is over dollar and yen would part ways? also if you want to hold yen where can you hold it to avoid bank risks.? would appreciate your advise. thanks



To: TobagoJack who wrote (43120)11/26/2008 12:11:29 AM
From: Night Trader  Read Replies (1) | Respond to of 217737
 
"As Monetary Authorities, we commend those of our peers, the world over, who have now seen the light on the need for the adoption of flexible and practical interventions and support to key sectors of the economy when faced with unusual circumstances."

If that's for real it's irony for the ages - one for the books.



To: TobagoJack who wrote (43120)11/26/2008 12:13:03 PM
From: Mark Bong  Respond to of 217737
 
Dr. Gono was a visionary who was obviously ahead of his time.

It may not be satire, but it is humorous. The reality, of course is sad.

…”communication from Dr. G. Gono, chairman of the Reserve Bank of Zimbabwe (this is not a satire):”…