Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (2058)	2/11/1998 8:04:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 9980

I keep imagining what Japan could do if they converted their trade surpluses into gold and issue a gold-backed yen as a world currency.

To: philv who wrote (2058)	2/12/1998 4:06:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9980

Phil, I absolutely agree with you. However, I'm not so sure whether a) the EMU will work smoothly right from the beginning and b) that the US$ will lose value in any big way just because EMU will work at some point. I could be wrong of course, especially on b). Also there are still the British œ and the Swissie as (minor) reserve alternatives. In fact our Swiss National Bank (SNB) is very concerned that the Franc may appreciate considerably should EMU be really shaky. That would kill our exports on which we depend in a big way. The SNB is privately ready (only IMHO) to drive down interest rates to zero or less should the value increase dramatically. Thomas