At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Aurum who wrote (1041)	1/9/1998 12:02:00 PM
From: RagTimeBand	Read Replies (1) of 1911

Aurum >>I have a question for everyone. If the US dollar does devalue, then what is the nett effect of all the recent currency devaluations? Surely all currencies can't be devalued - they have to devalue against some other currency (generally the US dollar). If the absolute value (as opposed to the relative value of one currency against another) of all currencies is decreased, then surely the value of commodities like gold will increase?? What does economic theory have to say about this?<< This has to do with a devaluation of the U.S. dollar. What if the U.S. decides to devalue the dollar by selling some percentage of its gold? Hope this doesn't muddy the water but it seems this question needs to be considered. Regards - Emory

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