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Politics : Ask Michael Burke
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To: Ahda who wrote (93302)11/27/2001 8:52:33 PM
From: Don Lloyd  Read Replies (1) of 132070
 
Darlene -

...What would happen to countries that attempted a gold standard from the base they now exist on? Chances are very slim gold will ever be 5000 per ounce so this is not too possible in my mind.

What is possible is, nations who are trying to induce import by reducing the value of their currency on the open market could cause a currency crisis. One could start and many others could follow suit, the end result to their export enhancements would be nill but the off shoot of this to the world financial market would be pure pandemonium. There would be no alternative but gold or silver at this point.

I don't expect to see it, anyway. What is your outlook for pandemonium? What country is the primary producer? Do you have url's for quotes and charts? -g-

Regards, Don
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