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: Alex who wrote (11822)	5/17/1998 12:58:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116856

Alex, The more that the U.S. government agencies and the local media downplay the Euro the more I sense fear. Although the time element required for the Euro to compete with the U.S. dollar is debatable, I suspect it will be fairly quick for the following reasons. 1. The dollar is overvalued and the world is awash with our debt. 2. Trillions of dollars can be transferred with computers overnight. 3. If the Euro has substantial (25-30%) gold reserves then a new safe haven evolves for the hot money. 4. Euro and Japan are planning to dump dollars from their reserves. 5. The smart money knows how the game is played ie. buy low sell high. Terry,