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Old 11-03-2007, 09:22 AM  
Paul
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Join Date: Nov 2002
Posts: 2,637
Quote:
Originally Posted by RegUser View Post
Excellent post. Many thanks and I mostly agree. I too feel that loony will stablize around US $1.10 mark for next few months, gold will cross $850.00, US will officially declare recession in 6 months and a massive upheavel is headed our way. In the end there is a real threat of US $ getting seriously and irreversibly devalued with Euro being the new king.
The only trick I was thinking of was to buy gold futures and use them to hedge against some US funds. Most US $ will have to be converted .....gawd it kiils me to calculate the losses.
If only I had acted in Sept.........
Does anyone else fear the potential colapse of the International Monetary System?
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