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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (117691)	2/5/2009 3:34:10 PM
From: LowtherAcademy	Read Replies (1) of 132070

Hi Mike, If you could provide your thoughts I'd greatly appreciate it... Okay, I've jumped on the Gold Wagon. But, there is one area concerning the devaluation of the Dollar and the increase in the price of gold that has me confused. The Fed's gold reserves are priced at $42. If the Fed realigns the price of Gold to reflect the market price of gold, say....$850, wouldn't this create a much stronger dollar and place serious downward pressure on the POG? Or, are the Fed's gold reserves currently being "mentally" priced by the market at current market value,and a re evaluation of the Fed's reserves would not have much effect on the PoG while strengthening the US dollar (this seems far fetched). I find all of this particularly confusing, and hope you can shed some light on it. Lew Oh, just a slight tout: ZGEN.

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