Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (46563)	1/3/2000 5:57:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116759

Alex, good <<Funny Money Ain't No Joke>> article <<..exchange rate is rigidly and forever pegged to the euro. Interest rates collapse, inflation stops dead in its tracks, the limits of tolerance for mismanagement become very tight and politics is taken out of public finance.>> Question: If <<pegged to the euro>> Then: euro is pegged to ??? <<Crummy monies are out of fashion, cool money is in. No one nobody can possibly believe that printing money is a particularly intelligent way to finance government.>> If: that printing money [not] intelligent way to finance gov Question: Is not the euro fiat money (aka funny money, uncool)? <<.. currency stability is more important for prosperity. There is only one way to get it: unconditional surrender, close the central bank, give up funny money.>> <<Europe is about to do away with the last vestige of bad money as francs and lira and the whole obscene reminder of political money are replaced by crisp, fresh and bright single-digit euros.>> To: Ron Reece From: Dougak Question: Comment on aboves please. The author is Ford Professor of Economics and International Management at the Massachusetts Institute of Technology. The Financial Times, Jan. 3, 2000

To: Alex who wrote (46563)	1/3/2000 8:02:00 AM
From: long-gone	Respond to of 116759

OT(?) kinda funny problem Monday January 3, 6:30 am Eastern Time Y2K bug adds 100 years to Italian jail sentences NAPLES, Italy, Jan 3 (Reuters) - Millennium bug computer glitches added a century to some Italian jail sentences and knocked 100 years off others on Monday, forcing court officials to close administrative offices while the problems were solved. Officials in a court in the southern city of Naples found that prisoners looking forward to release next Monday had, according to their computer records, been detained 100 years too long and should have been released on January 10, 1900. Others whose sentences were due to have ended in December 1999 could look forward to another century behind bars, while those awaiting hearings also had an extra 100 years to wait. ``The offices are closed due to computer systems problems,' a sign stuck to court offices read on Monday. biz.yahoo.com

To: Alex who wrote (46563)	1/3/2000 8:48:00 AM
From: lorne	Read Replies (1) \| Respond to of 116759

Dollar, Gold Fall in Early European Trading The Associated Press Jan 3, 2000 - 06:55 AM LONDON (AP) - The U.S. dollar was lower against other major currencies in European trading this morning. Gold fell. The euro rose to $1.0114 from $1.0021 Thursday in Europe and $1.0092 Friday in New York's abbreviated trading New Year's Eve. European markets were closed Friday and financial markets in London remained closed today for the extended New Year's holiday. The dollar also fell to 101.83 Japanese yen in Europe in the early going today, down from 102.34 yen Thursday and from Friday's rate of 102.27 in New York. Other morning dollar rates in Europe today, compared with late Thursday, included 1.5861 Swiss francs, down from 1.6044, and 1.4438 Canadian dollars, down from 1.4508. The British pound was quoted at $1.6172, up from $1.6116. Currencies of the 11 countries participating in the euro are no longer traded separately, though they remain in use. Based on euro rates this morning, the dollar is worth: 1.9338 German marks, down from 1.9517; 6.4856 French francs, down from 6.5458; 2.1789 Dutch guilders, down from 2.1990; and 1,914.45 Italian lire, down from 1,932.21. Bullion markets also were closed today in London. In Zurich the bid price of gold was $288.50 a troy ounce this morning, down from $289.60 Thursday. Gold fell $2.00 in Hong Kong to close at $289.00 an ounce. ap.tbo.com