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To: Horgad who wrote (143637)	1/14/2002 4:40:29 PM
From: GraceZ	Read Replies (3) \| Respond to of 436258

If the dollar falls against other currencies gold will rise in dollar amounts. If the dollar falls does this automatically translate to the rand rising? I don't know. Will it be proportional? Perhaps the dollar falls wrt the euro but the rand only comes back up to the dollar somewhat. You have to remember the rand was falling irt the dollar even when the dollar was losing ground to other currencies. Then there have been those rare peeks at the future where the dollar and gold rose. My estimation is that if the dollar sells off irt the rand then there will be some short term weakness in SA producers. Longer term a higher gold price in dollars is good for producers who aren't heavily hedged even if in the short term a stronger rand takes away the windfall for the SA producers. These producers have been operating in the worst of situations for forever and they are still alive. Just a slight let up of the negatives is enough to seriously change their situation for the better. The best thing for the producers everywhere is for the POG to rise across all currencies. If the dollar starts to lose its reserve status around the world something has to act as a bridge to the new reserve currency. I don't see the Euro quite there yet, but I could be wrong. Here's a pretty objective case for gold rising regardless. tocqueville.com