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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: Terry Rose who wrote (11733)	5/16/1998 12:19:00 AM
From: JR.	Read Replies (1) of 116845

I wonder what will happen when people begin to realize the paper money they have starts to lose buying power as the sanctions drag on? Will it take a week or longer before those that can ,buy gold and silver to protect their wealth before the currency slids down in value ?Will there also be a large amount of foreign currency reserves( U.S.$)spent by the two governments to do business outside the country? I can't imagine anyone wanting to extend credit to two economies crippled by sanctions. Let's hope at least one of the players shows some wisdom. Otherwise, if just 1% of the combined populations were to buy even just a fraction of an ounce of gold as protection by the end of next week,it could have some small impact on precious metals prices,IMO. Cheers, JR.

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