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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Albert V who wrote (7176)	2/3/1998 6:57:00 AM
From: Ron Wilkinson	Read Replies (1) of 116764

Albert, I believe your dollar/Euro scenario could come to pass, but think your time line is too compressed. First, the Euro doesn't exist, when it does there is only going to be so much of it to go around. The US didn't get trillions of dollars around the world in just a few years, it took many and two world wars. If oil was paid for in it, the Euro in the beginning would be driven so high that Europe couldn't export anything, and as you said the dollar and its holders would likely suffer. I can't guess at what the Oil countries might do, but don't believe intentionally starting another currency crisis would be in their best interest. MHO, Regards, Ron.

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