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Re: federal reserves post# 178199

Sunday, 12/07/2003 8:54:30 PM

Sunday, December 07, 2003 8:54:30 PM

Post# of 704047
"I would unload all gold stocks and bullion.

I unloaded.

Instead, buy a currency basket."
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federal reserves....

Hmm... I assume you are advocating going long a menage of currencies like the Pound, Yen, Swiss Frank, etc., thereby in effect shorting the $USD. I would agree with that sentiment in a general way, but trading currencies is not a game for amateurs like myself. I will stick with my gold stocks instead, as they have been very good to me so far and I see nothing on the horizon to make me think the party is over.

Just out of curiosity, if you think the $USD will continue to decline, why on earth would you not want to own gold and gold stocks which are a very good hedge against a weak dollar??

mlsoft

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