Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (71210)	6/6/2001 10:55:55 PM
From: lorne	Read Replies (2) of 116753

Gold to underpin emerging market currencies - report. JOHANNESBURG -- The World Gold Council (WGC) is investigating using gold in a basket of commodities against which the currencies of emerging market countries can be pegged. 06/07/2001 03:00:00 AM " The thrust of Ware's research, however, is that physical gold supply can be stimulated while simultaneously stabilising the currencies of emerging markets whose major foreign exchange earner is gold. Integral to the research is that the IMF's prohibition against using gold as an exchange rate peg is "anachronistic and potentially damaging to some developing countries". Ware adds that his proposal may apply only to a few developing countries, such as Mali, Ghana and Peru; nonetheless, there is a theoretical case for doing just this." Full story >>> m1.mny.co.za

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next