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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: SeaViewer who wrote (40815)	6/20/2000 10:43:00 PM
From: Spekulatius	Read Replies (1) \| Respond to of 42523

The dollar is in my opinion overvalued by 15-20% with respect to the Euro - so I would not consider a pullback by that amount a crash. For most of the time, a strong dollar implies a weak gold price and vice versa - so gold may come back if the US$ weakens. However,i do not think that this gold comeback will last very long - gold is just a precious good that (almost) nobody really needs. Gold is only consumed in very small amounts compared to the world production so continously the Gold is stored and eventually will come back on the market. The Gold standard is dead and Gold will IMHO play a less and less important role as a value standard in the future.