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Thanks for your comments. You are correct that I see the dollar holding its own. If I lived in a different country, I might have a different perspective on gold (in terms of my own local currency), especially if it was an emerging economy rather than a developed one. For the dollar to be devalued, its owners have to want another currency more. Which one will it be? If this were just an American problem, my conclusion would be foolish. I'll vote for the biggest stick (our military) and the most transparency. The Euro could actually be destroyed by this crisis if it persists for more than another year.
Jan 11 09:01 am
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All Comments by Alan Brochstein »Wealth Watch: Redefining Rich and Poor In a Shrinking Global Economy [View article]
On Jan 11 08:46 AM patio wrote:
> Two other comments. After 35 in sales and marketing, bottoms up forecasts
> are the real deal, tops down is guesswork.
> Your comment about gold does assume one thing, I believe, that relative
> to other fiat currencies the dollar holds its own. We could see worldwide
> deflation, and also see the dollar devalued. Wouldn't that be special?