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gold and US dollar
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Nostradamus
Supreme |
21-Apr-2006 23:10
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US has a large current account and trade deficits. If foreigners were to pull money out of US, US dollar may plunge. Speaking of gold, it's not just stock mkts that are enjoying bull runs. Gold, oil and other commodities are also enjoying their own bull runs. |
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newmoon
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21-Apr-2006 12:47
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It has been said and quite rightly so that he who holds the gold rules the world. In a fair trade goods are exchanged for something of equal intrinsic value. Nowadays this no longer holds true-goods can be exchanged for a piece of printed paper of dubious value.Printing dollars at will is nothing short of counterfeiting. Currently it can be said that he who controls the reserve currency and the printing press and at the same time has military supremacy rules the world-but for how long? |
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