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Non-Cattle Specific Topics
Every Thing Else Board
The Great American Bubble Machine
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<blockquote data-quote="HerefordSire" data-source="post: 718955" data-attributes="member: 4437"><p><em>I would say to all to respect this comment on the basis peg is not an expert in investing. Many times I have seen people pick-up on something and relay an opinion like this. RESPECT, especially when you are at the horse race track!</em></p><p><em></em></p><p><em>Theoretically, gold provides a store against inflation through fiat currency debasement. For example, copper has risen 100% in the last year alone while the dollar has fallen about 20% this year alone. If copper moves another 100% and the dollar continues to drop, then copper could cost a bunch more than expected if you are invested in dollar denominated investments.</em></p><p><em></em></p><p><em>We need a dollar rebound. Keep your eye on the dollar. Gold will tank if the dollar reverses. Will take some bad news though, like the Strait of Hormuz (sp?).</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 718955, member: 4437"] [i]I would say to all to respect this comment on the basis peg is not an expert in investing. Many times I have seen people pick-up on something and relay an opinion like this. RESPECT, especially when you are at the horse race track! Theoretically, gold provides a store against inflation through fiat currency debasement. For example, copper has risen 100% in the last year alone while the dollar has fallen about 20% this year alone. If copper moves another 100% and the dollar continues to drop, then copper could cost a bunch more than expected if you are invested in dollar denominated investments. We need a dollar rebound. Keep your eye on the dollar. Gold will tank if the dollar reverses. Will take some bad news though, like the Strait of Hormuz (sp?).[/i] [/QUOTE]
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