Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bucky Katt who wrote (3369)	11/21/1997 5:30:00 PM
From: Richnorth	Read Replies (1) of 116810

I have read from scmp.com that about U.S.$50 billion would be needed. S. Korea has too much pride. At first S. Korea did not want to be bailed out by the IMF but circumstances compel it to seek help from the IMF. It is initially asking for U.S.$20 billion to see just how far it will go and then decide on how much more is needed. What will bailouts do for gold? In the near term? Long term? Too bad that S. Korea, unlike Japan, has no more U.S. bond assets to draw from to defend its own currency. In 1990, the exchange rate was about 745 won to U.S.$1.00. Now it is >1050 won to U.S.$1.00. Looks grim! Yea, what will that do for gold? Comments, anyone?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next