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


To: PaulM who wrote (5373)1/7/1998 6:21:00 PM
From: lorne  Read Replies (2) | Respond to of 116786
 
Hello Paul. Have a question or two.
With the $US being the standard for the world and most world banks
keeping $US as reserve I am wondering what is the effect on the $US when countries sell their reserves to support their own currency.
Would this kind of action tend to devalue the $US and in doing so
increase the value of other currencies and wouldn't a weaker $US
be good for gold.
Lorne