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

To: Gary who wrote (6086)	1/16/1998 12:39:00 PM
From: Omnichrome	Read Replies (1) \| Respond to of 116912

DETERIORATED - Yes, some posters have even resorted to ALL CAPS !! Be careful out there.

To: Gary who wrote (6086)	1/16/1998 12:58:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116912

wonder if PEI will change forecast if Japanese market keeps on going and Asians adopt their own currency..not at all pegged to dollar.. wonder if they are going to start complaining would be quite funny if there were to open their markets and at the same time tell the Asian community to boycott US made goods.. hopefully we will not have to wait as long for gold to start really moving..not because of inflation because of a concerted effort to dethrone the mighty dollar..now is the time with European corporations beginning to do what US corps had done and thus money flowing there and further east...curious to see what happens to the long bond.. since hot money may start flowing overseas at a faster pace. heard that oil prices have doubled in Korea now and there is a great deal of pain.. obviously USA is either losing power in middle east with the "bully" having no repercussions or else USA wants to keep oil low at all costs..

To: Gary who wrote (6086)	1/16/1998 6:06:00 PM
From: Donald McRobb	Respond to of 116912

The Northern Miner Volume 83 Number 47 January 19-25, 1998 LETTER TO THE EDITOR -- World's governments can't print gold The comments made by David Gulley ("An historic juncture for gold," T.N.M., Jan. 5-11/98) provide useful ammunition for those of us trying to persuade skeptics that gold has not had its day. Quite the reverse, in fact. For holders of worthless Asian assets, there are very few easily tradable alternatives; United States dollar bonds are one, and gold is another. Here in Europe, the French and German governments are spearheading the creation of the so-called Euro, due to be launched next year. This has been designed by politicians (alarm bells should start ringing here) to replace the currencies of France, Germany and any other country willing to fudge the criteria for entry. This politically controlled monetary policy will ensure suspect currency from the start. As Europe's citizens see their old money replaced by the kind used in the game Monopoly, they, like their Asian counterparts, will seek refuge in U.S. dollars and gold. In today's world, most governments are still borrowing just to pay interest on their debt, never mind repaying the principal. Such a process inevitably ends in tears. So why invest in gold? Simple -- it's the only form of money which governments can't print. Peter Walker Managing Director, Scandinavian Gold Prospecting, Ostersund, Sweden