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To: fedhead who wrote (143125)	6/18/2002 4:00:27 PM
From: Oeconomicus	Read Replies (3) \| Respond to of 164684

The dollar falling vs. the Euro or any other currency might support a case for buying those currencies, but not necessarily gold. I can understand balance of payment arguments and other economics justifications for a lower dollar vs. other currencies, but those arguments don't make the case for gold. Can you make an economic case for higher gold prices? Geopolitical uncertainties tend to push money into whatever is perceived as the safest currency - a favorite in the past (and not the distant past - try this past fall and winter) has been the US Dollar. Why should gold make me feel more secure than Dollars or Euros or Pounds?