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

To: goldsnow who wrote (52118)	4/30/2000 12:16:00 PM
From: Hawkmoon	Read Replies (4) \| Respond to of 116756

Would China follow this example....(Money will flow there no doubt at far greater pace than even US aid to Korea) And just what happens if political instability continues in China, or there is a further escalation of hostility between Bejing and Taipei (I refer to capitol cities because the dispute is inherently political)?? There is CONSIDERABLE RISK that China could suffer political and economic disruption comparable to what occurred in Russia a decade ago. Totalitarian regimes seldom fail without causing SIGNIFICANT instability and political/business risk. Is this money flow (trade deficit) biggest threat to the US prosperity? But it is also a great provider of stability and security for the US as well. That trade deficit exchanges foreign goods for US greenbacks. It puts a lot of dollars in foreign economies and provide an impetus for those holders to reinvest in dollar denominated investments and/or products. The last thing those holders of dollars wish to see is for the US dollar to crash and depreciate the value of their extensive holdings. And as we see in Europe, having ones currency supposedly backed by gold is nothing when compared to having a strong economy and sound economic policies. The Euro has hit an all time low against the Dollar and still looks to be trying to find a bottom. What will happen if gold slides even more to retest previous lows and then breaks through those lows? How will that impact the Euro? Regards, Ron