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Sarmad

03/27/09 10:49 AM

#78170 RE: mmoy #78168

>> gold is getting killed and the dollar is marching higher

What explanation do you think is reasonable for dollar strength ? The people who wish the new US admin to fail, keep saying the dollar will be worthless, and gold is the only store of value.

Of course they are wrong. But what is the reason for that ? Do you hold the usual (sane) view that so much notional value has been destroyed that trillions of dollars have to be injected into world economy to avoid deflation ?