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


To: Greg Jung who wrote (49951)3/2/2000 11:55:00 PM
From: Enigma  Read Replies (1) | Respond to of 116764
 
"We just saw our currency devalued when the
price of oil is $30 instead of $20"

In what way? It takes more $ to buy a barrel of oil - but what else? Also I can't agree that it is the ultimate commodity and should be the arbiter of currency valuation. Tis a fleeting and consumable thing.




To: Greg Jung who wrote (49951)3/3/2000 1:06:00 AM
From: Eashoa' M'sheekha  Read Replies (1) | Respond to of 116764
 
And You Sir Have A Hole In Yer Head.(eom)



To: Greg Jung who wrote (49951)3/3/2000 6:11:00 AM
From: re3  Read Replies (2) | Respond to of 116764
 
<<<<<But gold can stay where it is,
because it is economically irrelevant.

is it not a commodity that one can take to any number of countries in the world and with a modest bit of effort, exchange it for local currency ?

if its irrelevant, why are there any gold mines left ?