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

To: Abner Hosmer who wrote (9391)	4/6/1998 12:34:00 AM
From: marcos	Read Replies (1) \| Respond to of 116790

Great stuff, tom. I wonder if a clue to ole 49r's riddle #reply-3949950 might be found in the second paragraph of your post here; "On September 21 (1931), the Bank of England was forced off the gold standard ...... This was followed by wild fluctuations in the sterling exchange rate, and in those currencies tied to sterling." This was one of the more significant steps to the US dollar replacing sterling as the world's fiat reserve currency of choice - not least for the reason that the US$ was backed by gold. We are now, imho, on the edge of an era where the dollar will have some strong competition in the reserve currency category in the form of the Euro, the backing of which will be determined by holders of gold who have a strong cultural bias to believe in its stabilising effect. Great URLs - Alex, thanks for this one, a person can really spend some time off 'Vinnie's Home Page'; mtholyoke.edu cme.com - US$ off against everything but sterling