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Gold/Mining/Energy : Silver prices
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To: Jim Ilchyshn who wrote (740)2/17/1998 6:47:00 PM
From: Jordan Electron  Read Replies (1) of 8010
 
Only Uncle Sam is fabulously wealthy,
since he was the big holder of silver
during the time you mention. Part of the
current strength of the US dollar comes
from Uncle Sam's hoard of silver. Indonesia
wants to peg it's currency to the US dollar.
Any major weakness in silver will consequently
weaken the dollar over the long haul, and weaken
a number of US dollar-denominated alliances,
especially oil related.
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