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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: long-gone who wrote (27507)	2/1/1999 8:34:00 PM
From: PaulM	Read Replies (1) of 116764

Murphy on Al Gore, Silver Lease Rates, Bank Troubles gold-eagle.com P.S. Please relax. I was paraphrasing to provide the thread with a headline showing what I consider of interest in the article . Are you saying you'd be surprised if Al Gore said ALL IMF gold should be sold? One interesting point, why doesn't the U.S. sell its own gold? Even though the U.S. led IMF has made it clear to the little emerging markets how little it thinks of th metal. Answer: because the U.S. wants to keep the dollar as the world reserve currency, and its gold, together the ME oil poducers settlement in dollars, provides what little real backing their is for this currency. So in this case what's good for the goose isn't good for the gander.

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