GOLD: WHAT IF IT IS NOW JUST A COMMODITY? Message Board

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Gold/Mining/Energy : GOLD: WHAT IF IT IS NOW JUST A COMMODITY?

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To: MUDMAN who wrote (9)	11/11/1997 11:36:00 AM
From: Gunnar	Read Replies (1) of 22

The general image of gold as a last resort is a question of the value of risk. One of the variables is the stability of government. If the state were totally stable and further more could foresee all the threats to the currency, there were no kind of problem as that of gold as a last resort. In Europe we have to consider the German Mark and the deficits, as a measurement of that. If my country, Sweden, will manage to stay outside the new currency, will the market be satisfied with a 3-4 yr. period of budget balance? What would happen to the long interest rate if the Swedish government stated that they were about to sell the gold. Let me sell my bonds first, please. This is of course an interesting question. There seems to be a pressure on gold price these days. The demand for gold seems to be stronger in Asia than in The Western hemisphere. A to short memory in an prosperous US economy? Regards Marten

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