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


To: The Vet who wrote (86379)6/4/2002 10:00:29 AM
From: marek_wojna  Respond to of 116764
 
<<The BOJ is printing Yen and exchanging them for US dollars (they laughingly call this "buying" dollars). The FED is printing more dollars to replace those pulled out of the market into the BOJ computers.
Nothing, not even paper changes hands, just a proliferation of computer entries. An ounce of gold hasn't changed at all; it's still an ounce of gold, but it may take a wheelbarrow full of paper to entice the holder to part with it... >>

GOOD ONE.



To: The Vet who wrote (86379)6/4/2002 10:23:21 AM
From: Zardoz  Read Replies (1) | Respond to of 116764
 
Actually your wrong:
I have never suggested that I'm a guru of any type. And I have NEVER used the US Dollar to value the price of gold. I've used the US economic data, and other world currencies to value the price of gold.