Dollar index suggests gold at $500

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05.10.04 16:41

525 Postings, 7207 Tage FlorianPascaleDollar index suggests gold at $500

Dollar index suggests gold at $500
By: Barry Sergeant
Posted: '04-OCT-04 15:00' GMT © Mineweb 1997-2004
hxxp://www.mineweb.net/sections/gold_silver/351215.htm

JOHANNESBURG (Mineweb.com) -- Once again, gold bugs, a breed that would likely survive a nuclear attack, are pointing to meltdowns in the world economy. Gold bugs say gold bullion, the anti-currency (the only alternative to fiat money), is the antidote; it is really the only thing to have.

Much of the latest thinking on bullion is encapsulated in a recent newsletter; where there is reflected “the increasingly common belief that the US government will keep currency markets calm until the presidential election is out of the way [November 2] and then all hell will break loose, with gold, silver, and commodities breaking upward.”

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05.10.04 16:42

525 Postings, 7207 Tage FlorianPascaleDollar index suggests gold at $500

"Washington’s Institute for International Economics, estimate that the dollar needs to depreciate a further 20 percent from current levels."  

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