On Sat, 27 Nov 2004 17:30:36 -0000, "Nebulous"
<Nebulous@pigtail.freeserve.co.uk> wrote:

>
>"MacHamish" <russj41@concentric.net> wrote in message
>news:v9dhq01e17lgdv9taj69kr33ipsup806te@4ax.com...
>> On Sat, 27 Nov 2004 09:21:22 GMT, "necoandjeff" <spam@schrepfer.com>
>wrote:
>>
>> >Adam Whyte-Settlar wrote:
>> >> "MacHamish" <russj41@concentric.net> wrote in message
>> >> news:0cmeq09j4su2c8u5klcmr307gk14tron98@4ax.com...
>> >> .
>> >>>
>> >>> Nonetheless, it was perspicacious of me to raise the allocation of
>> >>> gold in my portfolio a few years ago when gold was totally out of
>> >>> favor.
>> >>
>> >> Gold is going up because your dollar investments are going down down
>> >> down - you aren't really gaining anything Dumbo.
>> >> A W-S
>> >
>> >Yes, what an idiot, he should have kept 100% of his money in those dollar
>> >investments...Adam, you're a genius!
>>
>> He sure is, isn't he.
>>
>
>Actually he should have bought Euro's.

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.

>Either way each individuals flight from the dollar contributes to its
>problems. America has to increase interest rates and tighten its belt.

I agree, and it's unfortunate at this juncture in terms of the global
economy.  We probably wouldn't be at this juncture were it not for the
"international cummunity" refusing to see the real threat.  It's a pity we
aren't all on the same page where militant Islam is concerned.

MacHamish M$(D??(Br