[quote=Eugene][quote]In early 2008 food riots broke out all over the third world because oil IS food.[/quote]
Wrong. Food commodity market was manipulated by the same forces that caused bubbles in zinc and palladium. There’s ample supply of arable land on Earth to feed twice or more the current population at even $100/bbl oil.
[quote]too funny – comparing zinc, palladium and gold and expecting them to follow the same trends[/quote]
Can we compare platinum, silver and gold? Or is it necessary for the metal to be useless industrially to be considered valid money in your universe?
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Eugene,
I’m just curious: where do you see the dollar heading? Specifically, it now hovers at 76.49 on the USD index, which represents a 3.67% loss in one month.
1. Where do you think the dollar will sit on that index by Dec 2010?
2. Do you believe the U.S. will retain its sole reserve currency status by Dec 2010?
I pose these questions because your answer will provide some insight into the soundness (or lack thereof) of your analysis above, and it will determine whether further discussion on this topic is even warranted.
And as for food…there is this little issue called “climate change” that you should probably prepare yourself for.
