Home
Login Register
Others   

gold and US dollar

 Post Reply 1-2 of 2
 
Nostradamus
    21-Apr-2006 23:10  
Contact    Quote!
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.
 
 
newmoon
    21-Apr-2006 12:47  
Contact    Quote!
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?
 
Important: Please read our Terms and Conditions and Privacy Policy .