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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (4320)	8/11/2002 7:27:27 PM
From: t2	Read Replies (2) \| Respond to of 89467

Dollar and its effect on Gold. What happens if we keep seeing problems in South America? One would think that we see buying up of dollars. This could possibly been happening recently. Does the emerging market problems cancel out some of the effects of the movement out of dollars by Europeans/Asians? (or a reluctance to buy any more) If we see a widening South American problem, dollar should benefit again. The problem for the dollar could possibly be when (or if) those South American currencies stabilize. That starts the gold run along with inflation as well. Just another way of looking at it. Could a case be made for rising gold prices even with a stable dollar? That is, financial problems elsewhere worse than in the US keeping dollar relatively strong but safer currencies such as gold become more in demand.