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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: IngotWeTrust who wrote (10888)	4/28/1998 8:19:00 PM
From: Mark Bartlett	Read Replies (1) of 116764

ole 40'r, Apart from the historical context, is there any other reason that the gold price must be "fixed" in London. It would seem to me that if England does not enter the EU, why should the price of gold be "fixed" there. This assumes of course the EU decides to back their reserve currency with a reasonable % of gold. I guess what I am getting at is ... if other areas of the world decide to elevate the economic importance of gold as a reserve - then to me it makes sense the price would be fixed in these countries - and not England where it apparently is now not as important. Comments invited !! MB

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