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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (1920)	4/29/1998 8:00:00 PM
From: virginijus poshkus	Respond to of 3335

Gentlemen and Ladies too, my take on the Euro is this. The euro bank will liquidate all dollars and only keep the euro countries currency. why keep dollars? there really is no reason except for trading and they will have plenty. gold will only be around 20%. the reason why is this, you don't really need gold to back you unless other countries think there is a risk holding your currency. by combining all of these euro countries, you will not play one against the other, you won't have to sell francs for pounds. this is a major point. it is like rhode island selling wyoming's currency, no need to do this anymore. they will have a cohesive block where capital will flow toward the most efficient area in each country to produce what they are best at. the end result , as you said, will be a dollar debacle and a gold price eruption based on the dollar drop, not on the euro backing of gold. vargas