Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I think that we disagree on that issue, I view the realignment of the dollar not only as a technical project in the making, but as a necessity to reign in our balance of payment deficit. My whole thesis on gold is based on the fact that the balance of payment is now running at the 5% of GDP, an untenable position which requires readjustment of the dollar, maybe as high as $1.18= 1 Euro (it started at $1.24 if memory serves just a short three four years ago). If foe some reason the trade deficit imbalance get redressed, then it is another story.

Zeev