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

To: Alex who wrote (2799)11/4/1997 4:44:00 PM
From: fishweed  Read Replies (2) | Respond to of 116815
 
Alex - This is a quote out of the report from the URL you posted.

due to the 20-40 pct devaluations in the currencies of some countries in the region, manufacturing costs are now much lower in relative terms, and jewelry manufacturers in the region are now much more competitive,

Wouldn't this devaluation also mean the POG to them is that much more expensive? If so, these countries will likely buy less gold.
Nicolas


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