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Patrick Elliott wrote:
> Not the definition of "lose" I meant. What I meant was that it doesn't
> rise or fall based on stock value.
It rises and falls based on the "stock value" of the country.
> The key point being, while it gets
> more worthless over time, in terms of general inflation, it will never
> get **more** valuable **ever**
Of course it will. Why do you think there are commodity markets in
currencies? Do you think the value of Canadian money hasn't gone up in
America, for example? Did you ever put off a holiday trip to Europe
because the Euro was so much more expensive than the Dollar nowadays?
Don't you think the Chinese Yuan buys more today than it did 40 years ago?
--
Darren New / San Diego, CA, USA (PST)
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