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Strategies & Market Trends : Asia Forum
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To: Mark Myword who wrote (4309)6/9/1998 9:56:00 PM
From: Frodo Baxter   of 9980
 
>I am interested in your view of the necessity for the Europeans to back the soon-to-be Euro with a gold reserve of fairly sizable proportions , at least at the outset.

Nah. The deutschemark, eh, I mean the euro, doesn't need a gold reserve. If they manage to act responsibly, there will no be no need for it. If not, no amount of gold will save an inflated currency.
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