Path: ccsf.homeunix.org!ccsf.homeunix.org!news1.wakwak.com!nf1.xephion.ne.jp!onion.ish.org!news.heimat.gr.jp!news.tutrp.tut.ac.jp!news.cc.tut.ac.jp!nfeed.gw.nagoya-u.ac.jp!news-sv.sinet!newsfeed.mesh.ad.jp!in.100proofnews.com!in.100proofnews.com!news.glorb.com!wns14feed!worldnet.att.net!attbi_s03.POSTED!53ab2750!not-for-mail From: russj41@concentric.net (MacHamish) Newsgroups: soc.culture.japan,soc.culture.scottish,fj.life.in-japan,soc.culture.irish,soc.culture.korean Subject: Re: Promote Peace: Boycott USA goods Reply-To: rjimeson1@comcast.net Message-ID: <173kq01naa5t0ddm0jpu0rn6jh9q2nj19o@4ax.com> References: <41a6a3c9.22057797@news> <0cmeq09j4su2c8u5klcmr307gk14tron98@4ax.com> <6CWpd.7693$3U4.233552@news02.tsnz.net> <41a8b9ab$0$16582$cc9e4d1f@news-text.dial.pipex.com> <41a8e4b3$0$19154$cc9e4d1f@news-text.dial.pipex.com> <41a9930f$0$16573$cc9e4d1f@news-text.dial.pipex.com> X-Newsreader: Forte Agent 2.0/32.652 X-No-Archive: yes MIME-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 8bit Lines: 62 NNTP-Posting-Host: 67.162.199.193 X-Complaints-To: abuse@comcast.net X-Trace: attbi_s03 1101664440 67.162.199.193 (Sun, 28 Nov 2004 17:54:00 GMT) NNTP-Posting-Date: Sun, 28 Nov 2004 17:54:00 GMT Organization: Comcast Online Date: Sun, 28 Nov 2004 17:54:00 GMT Xref: ccsf.homeunix.org fj.life.in-japan:22677 On Sun, 28 Nov 2004 08:58:47 -0000, "Nebulous" wrote: > >"Jim Stewart" wrote in message >news:cob5jo$fcc$1@usenet.cso.niu.edu... >> >> "Nebulous" wrote in message >> news:41a8e4b3$0$19154$cc9e4d1f@news-text.dial.pipex.com... >> > >> > "MacHamish" wrote in message >> > news:u4fhq0ddcl6djfvbqocv5a68fcj2obabs8@4ax.com... >> > > On Sat, 27 Nov 2004 17:30:36 -0000, "Nebulous" >> > > wrote: >> > > >Actually he should have bought Euro's. >> >> The fact that he did not places a shadow on his genusness. Hindsight is >> always easy. >> > >It was intended as a joke Jim. If he got out of dollars and into gold he has >done very well, and much better than most people, although he has >contributed in his own small way to the demise of the dollar. I was trying >to suggest he should instead have done something (invest in Europe) I felt >he would find difficult to justify to himself. By investing in gold, I covered all the bases. Gold is the only true "store of value". Gold is (solid) money. There will be a time to divest my holdings and move to something else. For now, I'm comfortable with my positions. >> > > Yes, when it indexed in the 80's vs. the 130's, but even at that, it >> > hasn't >> > > outperformed gold over roughly the same time frame. I'd much rather >> > > speculate on gold than the vagaries of an individual currency. It >> spreads >> > > the risk. It's also easier. >> >> We have had three swings in gold in the past 40 years. In allcases, most >> investors >> do better in the market. >> > > >> > > >Either way each individuals flight from the dollar contributes to its >> > > >problems. America has to increase interest rates and tighten its >belt. >> > > >> At the cost of more jobs and an increase in the homeless. >> > >Yes- as I've just said to MacHamish the free market is very unforgiving. If >it had been done a year ago it would not have hurt nearly so many people as >it is now likely too. Its either that or continue to watch the dollar slide. I'm for watching the dollar slide. It's a necessary adjustment that has to play itself out. I'm not personally responsible for any of these problems, but shame on me if I fail to read them correctly and take advantage of whatever opportunities they provide. Here come the howls. MacHamish Mór