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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: Chispas who wrote (96610)	12/6/2003 10:50:37 AM
From: Gabe Heti	Read Replies (1) of 116871

It's clear that as the US dollar falls, gold will rise in terms of the dollar and that US citizens should be buying gold. In the last two years gold has risen almost 50% in dollar terms. What about those who operate in other currencies? If the dollar continues to fall, say 50% relative to the Euro, gold will rise another 50% in dollar terms, but remain stagnant in Euro terms as it has during the last two years, with a rise of less than 10%. What is the correct strategy with respect to gold for citizens not using dollars in their daily lives? Canadians? Europeans, Chinese?

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