yeah - but the germans after 49 were certainly unable to disturb french ladies in paris again. The stupid thing we could have done would have been to surrender to the red army - rather then surrendering to yours.
Eur. to dollar ex. ratio - I guess it will decrease a bit since the fed res. cannot increase prime interest any furhter and since I have to earn my bread in euros - I'd loose.
Goldbugs and doomsayers are wrong ? I mean - all wrong ? The poor chineese e.g. can buy nothing for their dollars you owe them... no harbour facilities, no partnership in united technologies ;-)
So they buy commodity contracts all around the world. Even if they slow down because they surprisingly cannot sustain 10% growth over 10 years - these contracts are made and the ore and oil and gas is gone to china for that prices.
So these things will get rare. Gold is always rare since it's a beloved currency for people owning some lira, rupie or trouserbutton and would like to add some security.
Security on the other hand is - as long as nothing happens - just a feeling. Doesn't gold feel safe somehow ? I mean noone can surprise you in one thing - it's rare - it doesn't decay and it's thoroughly accepted to be precious. Something you cannot always say about dinar, rupie or trouserbutton - and if helicopter berny does it wrong - the greenback.
Regards,
U.
Yes.
The poor chineese e.g. can buy nothing for their dollars you owe them... no harbour facilities, no partnership in united technologies ;-)
You're right, we only exported $1 trillion worth of stuff last year. Nothing good to buy from us.
Doesn't gold feel safe somehow ?
Sure. If you bought gold in 1980 at $850 it took you until............wait, you still haven't gotten your money back. I feel safer already. Don't forget the 27 years worth of gold interest and gold dividends you collected. Oh, wait, it doesn't pay those either. You've convinced me. LOL!
I mean noone can surprise you in one thing - it's rare - it doesn't decay
Except for the price.