Message:

<p>[QUOTE=&quot;Morgan1878, post: 738302, member: 17869&quot;]Based only on my limited experience, depending on the sector (food, energy, etc) the euro averaged about 2/3 to 3/4&nbsp; of the purchasing power in Europe versus the dollar in America. In a few cases (wine), the purchasing power is just about identical. I&#039;ll drink to that!</p><p><br /></p><p>As for fiat currencies and stealing, my only comment is that currently the stealing is really the result of incompetence, in this case the inability of the U.S. Government to wisely spend taxpayer&#039;s dollars.</p><p><br /></p><p>I don&#039;t think gold will be at $2000 by the end of 2010. This would imply either or both of the following:</p><p><br /></p><p>A big increase in the inflation rate (not in the cards due to sluggish global economy). </p><p><br /></p><p>An accelerated decline in the U.S. dollar. Not likely due to efforts by Asian countries, Brazil and Europe to keep their currencies from appreciating rapidly. </p><p>This can be done by currency intervention as practiced by Japan for years.</p><p>Recently, Brazil has been buying dollars and selling reals to impede the rise of </p><p>the real. Also, the G20 will continue to communicate and act to prevent a runaway decline in the dollar which would be detrimental to the dollar holdings </p><p>of many countries outside of the U.S.</p><p><br /></p><p>I think the dollar will erode slowly. I could see at <i>best</i> $1500 gold by end of 2010, but more likely less if the global economy gains momentum and uncertainty declines.</p><p><br /></p><p>One of the more interesting articles I read about goldbugs is that they like gold whether or not the market likes it. This might imply an emotional attachment to an investment which could prove costly. </p><p><br /></p><p>I&#039;m not sure what to say to your quote &quot;I measure everything in terms of gold.&quot; How is that possible?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in