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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.54

-4.4%

4:00 PM EST

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To: IngotWeTrust who wrote (9260)	4/4/1998 12:24:00 AM
From: Bucky Katt	Read Replies (2) of 116763

49r--The answer I believe you are looking for has to do with R.M. Nixon closing the gold window. Both France and Germany had a huge off-take of reserves from the U.S. It seems at the time they were not so thrilled with U.S. paper, and wanted metal, tons and tons of shiny gold metal. Something had to break, and it was the gold standard, thus chaining the world to unlimited currency creation, which in itself is not so bad, if you know how to play it.

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