Registered: Jul 2006
03-26-12 12:44 PM
Quote from ocean5:
But what about gold?How do you know it goes up to $2000?Do you monitor it,or is it just an opinion?
The metals in both the precious and base metals are both watched. Physical commodites vs. Conceptual Fiat Commodities are are in competion with each other in my trades. Which will have the most gain in the process tree. Gold has been winning for the last several thousand years against the worlds nation states. Many goverments have tried to break the wealthy from the asset protection model which is within a commodity backed metric system. Here in the US petro dollars are the supposed system base.
Fiat currency is a confidence game nation state play. The "note" is a representative of some "thing" that the nation state claims ownership or rights to. That perception is measured against other nation states or global commodities and value is either gained or loss.
An outright currency war would only expidite the move to a one world currency the winning nation sate would have their fiat measured against some physical commodity. It would be a phyric victory
I am waiting for a unified African currency to enter the scene which would change the "game" in a profitable way. It would keep the game more interesting for a couple of years before we reach the convergence point.