AM 1150 Kelowna - Radio Rallies & Reversals

Continuing my summary of Don Coxe's latest 'Basic Points': "Whilst there is no Western currency that can displace the dollar's role in international transactions, there is one that offer investors and savers a strong, sensible alternative to the dollar's status as the store of value - only the loonie now boasts the qualities of endogenous strength and political reliability that could make global investors prize it as a secure, tradeable store of value from a long-term standpoint, and we believe it is on the road to that status. It can be considered NAFTA's equivalent of the Swiss Franc."

Don goes on to discuss the pros and cons, for and against the loonie, but concludes that the move into the loonie may have just begun and finishes with the following lines from a jazz classic:

"Somewhere there's music,
How faint the tune?
Somewhere there's heaven,
How High the Loon?"

GB