The Euro or Dollar Debate

I think not

I think not

Hall of Fame Member
Apr 12, 2005
10,506
33
48
The Evil Empire
Well thanks to Toro and Walrus, I believe if I take that Economics 101 I may actually get a B this time instead of a C+. :p

I appreciate the time you both took sharing your knowledge
 
mrmom2

mrmom2

Senate Member
Mar 8, 2005
5,380
6
38
Kamloops BC
Thats it the second time today 8O No more posts from Mom today I think the pulp mills are frying my brain :lol:
 
I think not

I think not

Hall of Fame Member
Apr 12, 2005
10,506
33
48
The Evil Empire
mrmom2 said:
Thats it the second time today 8O No more posts from Mom today I think the pulp mills are frying my brain :lol:
Click to expand...

I always enjoy reading your posts mrmom. Just refrain from posting over 40 a day. ;) :)
 
mrmom2

mrmom2

Senate Member
Mar 8, 2005
5,380
6
38
Kamloops BC
You might want to take a look at silver too Jay.Everything points to it making a huge jump in the next couple of years :wink:
 
Toro

Toro

Senate Member
May 24, 2005
5,468
109
63
Florida, Hurricane Central
Re: RE: The Euro or Dollar De

Reverend Blair said:
How is silver doing now that it has lost so much of the photographic market. That had to be a major hit.
Click to expand...

As a commodity used in production, its volume has fallen. But as a currency, its volume has risen. I haven't studied the silver market much but the volume of silver is a fraction of gold. Thus, when there is a run on gold, silver tends to follow and can have wilder price movements. Silver was trading at around $4-$4.50 an ounce a few years ago, but when gold started to run, it went into the high $8s. Its now settled into the $6-$6.50 range. If you like gold, silver will also move, and probably move more than gold because of the scarcity of supply. A year or two ago, the commitment of traders reports - which details the buyers and sellers of the commodity - showed massive speculative buying. That's an example of investors viewing silver as a currency rather than a commodity used in production.
 
mrmom2

mrmom2

Senate Member
Mar 8, 2005
5,380
6
38
Kamloops BC
Don't forget DVD's and Cd's computers anything electronic is full of silver Rev .Another reason it's rising is nobody mines it anymore .The only wild card is Chinas stockpile nobody knows for sure how much they have :wink: Stock piles around the world are in decline
 
jimmoyer

jimmoyer

jimmoyer
Apr 3, 2005
5,101
22
38
69
Winchester Virginia
www.contactcorp.net
I started this thread being mortified by the simple ideological bias in those who mentioned OPEC selecting the euro as its transaction currency.

It was just another prop for their bias.

Along comes Toro and Walrus, thank Allah, to show what forces are really in play here.


The excellent analysis from Toro and Walrus certainly proves that the euro/dollar debate cannot be some simple prop brandished on the stage of someone's political bias against the greenback.

The forces discussed are the self-interest of all parties involved, meaning once again a return on investment.

But this simple conclusion should not diminish all the interesting angles amply displayed by Toro and Walrus on the matter of transitioning from dollar to euro or the seesaw back to the dollar.
 
EagleSmack

EagleSmack

Hall of Fame Member
Feb 16, 2005
44,168
96
48
USA
Wow...

That was incredible Toro and Walrus. You two have your finger on the pulse of this don't you?

It was always so complex but you both really simplified this so we war mongers, idiots, communist, liberals, neo-cons, nazis, reds, red state, blue state, bush haters, bush lovers could get an idea of how it works.

Nice job

Now where are my GI Joes? Hmmmmm.
 
You must log in or register to reply here.
Top Bottom