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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: IngotWeTrust who wrote (9516)	4/7/1998 7:42:00 AM
From: Pete Schueler	Read Replies (1) of 116764

Hi ole 49r, Thanks for the education re 1932 gold/currency manipulations. I bet that only a handful of people can recall that episode and and it seems none of them are using it to make monetary policy in the US. History to repeat? I'm trying to get an understanding of EU impact on US$ and don't see how you came up with..... "31% U$ deval: now 2 ways to settle global debts currently: Au and U$ That is a 50/50 weighting of the global debt settlement pie." Aren't there a lot more US$ floating around than AU? Seems like the present weighting would be heavily towards $. If so then the introduction of the EU has a greater impact on the US$. The amount of gold is not going to change. Help me on this. Also, I was looking for some feedback on my post.... Message 3973099 I'm trying to get a handle on the gold backing of the US$ to compare with numbers being tossed around for the new EU. Seems to me that this will impact the relative strength of the two currencies. Thanks for your help, Pete

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