GOLD-XAU Message Board - Msg: 2760827

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Gold/Mining/Energy : GOLD-XAU

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To: IngotWeTrust who wrote (23)	11/18/1997 7:58:00 PM
From: maintenance	Read Replies (1) of 1756

Hello, I am new to this and have some questions. What is XAU? I thought the Japanese were net lenders, is this not the case? Countries thoughout the world have been moving further to pure fiat money and away from any standard or backing. It seems to me that this has been working. Would it not then be expected that the POG would drop as it is only good as any other commodity? The currency discussions, regarding asia and Japan, is this likely to cause a rise, fall or no change in the POG. I would expect a rise yet short seems to be the agreed place to be? I hope to be able to better understand the discussion in the future but for now you guys are over my head. Thank you in advance for your patience with a new guy. I shall keep reading and learning Cheers

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