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Gold/Mining/Energy : Euro Impact on Gold, USD ...
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To: banco$ who wrote ()9/29/1998 12:33:00 AM
From: banco$  Read Replies (1) of 289
 
Gold can benefit whichever way the euro breaks, stable or not. There have been questions lately, the IMF for example, about the lack of response mechanisms in times of trouble. EMU members are creating the euro because of the perceived necessity, certainly not their mutual affection for one another. It will spell catastrophe for the global financial system if the euro is highly unstable; even the thought of greater instability will increase demand for gold. On the other hand, a stable euro can lessen demand for dollars and U.S. assets as is reported most frequently. The lower dollar will in turn benefit gold.

Maybe gold can have it both ways in light of the euro just as the equity markets have managed to universally interpret overall events in recent years as positive.

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