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Tanzanian Royalty Exploration Corp. Message Board

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  • relbochat relbochat Mar 15, 2012 1:08 PM Flag

    McHugh trumps Sinclair again

    What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place. So I ask what currency is going to rally against the dollar. This is the trade to make not long gold. So CIGAs what is it? Make the currency call.

    The reality is no one is going to transact in any size in gold. When the US was on the gold standard in the 1840s, economic activity was stagnant because there wasn't enough gold to facilitate transactions. That all changed with the California gold rush, think QE, free money in the ground, debasing the currency.

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    • "What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place. So I ask what currency is going to rally against the dollar. This is the trade to make not long gold."

      Ok. Ill come down to your level. The dollar is being replaced by all other currencies. Since decades ago. The effects of which you are just starting to notice.

      Someday somewhere some country is going to be stupid enough to do what Roosevelt did. But not immediately.

    • "When the US was on the gold standard in the 1840s, economic activity was stagnant because there wasn't enough gold to facilitate transactions. That all changed with the California gold rush, think QE, free money in the ground, debasing the currency."

      I am all for debasing Relbo.

      "What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place."

      No true perse. Multiple currencies can do the job much better.

      "The reality is no one is going to transact in any size in gold."

      Off course not. Thats also not what Sinclair sais. Has nothing to do with the Gold Certificate Ratio Clause he proposes. Which would constitute a fair and competitive and somewhat more balanced system by the way.

    • You appearently dont know the dual use of money. Ill pay in dollars and safe gold. Usd is no store of value its a bottomless pit. Try to fool somoene else.

    • What Sinclair doesn't understand is that for the dollar to collapse some other currency with a large base has to take its place.
      ---------------------------------------------------------------
      like bullion said, you do not need the dollar to crash for gold to go up. gold can rise relative to all currencies even during a rising dollar index. this has happened many times, including late 2008. in my opinion, this gold bull run is just a trade. gold and gold stocks were hot in the 30's and 70's and today. seems like every 30 to 40 years it has its cycle. i think we have a good 2-4 years left before this bubble pops. still expecting a move in GLD similar to what we are seeing in apple right now.

 
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