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


To: d:oug who wrote (55593)7/2/2000 2:30:03 AM
From: bill  Read Replies (1) | Respond to of 116764
 
I'm afraid I don't have the URL you request but the
information you do provide and the suppression of the
story raises certain concerns. The implication for gold
is what? The information you do provide implies a
collapse of the dollar against other currencies. If this
is true, then would there be an automatic rise in the
price of gold? When more peripheral currencies fall, then
relative to gold they become more expensive but what happens
when the major world currency falls? Does gold hold its
value? One would assume a severe recession if not a
depression. In such a scenario all commodities become
devalued. Real estate, large ticket items like vehicles,
appliences, farm machinery, etc. If gold is treated as
a commodity does it not fall, too? If it is treated as a
currency vis a vis the dollar,then will it not automaticallly appreciate along with other currencies?
However, there has been a concerted effort to separate
gold from currencies. Certainly western governments have
been preaching and practicing that separation. What does
it take to override this desire of western govts. not to
have a gold standard?