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.

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

To: Terry Rose who wrote (9612)	4/8/1998 11:50:00 PM
From: paul ross	Read Replies (3) \| Respond to of 116791

Terry- I'm hoping for the 30%, but expect we're more likely to see 10-15%. The actions of the Euro. CB's, I believe more than a couple of the smaller potential EMU members have only around 10% gold reserves, and the fact that they have floated the 30% trial balloon, more and more seems to suggest to me the 10 or 15 number. Yesterday a Euro. analyst on CNBC (I wish I could recall his name), felt the psycology surrounding the entrance of the Euro was that they wanted their currency initially as weak as possible vs. US$, so that it had nowhere to go but up. He said he expected the US$ to be at a cyclical high at the first of next year when the Euro made it's splash. The concerns of the French and Germans over a weak Euro. seemed to disappearing through political means and the roaring European stock markets, rather than having to introduce a higher % of gold reserves. The French and German people would prefer a hard currency, the politicians a fiat EURO like the rest of Ivy Wall educated central bankers The French, somewhere I read today, have overwhelminlg approved that country's entrance into the EMU