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

To: long-gone who wrote (12665)	6/6/1998 10:18:00 AM
From: Gabriela Neri	Read Replies (1) \| Respond to of 116796

They will not get it back unless they produce more. And, they will be forced to raise rates in order to defend the currency and slow up the ecomony. Of course, they can choose to let the currency fall(which it will anyway)and suffer a real nice inflation, like the rest of Asia. So, either recession or inflation, a good choice to have. Congratulations, the Australian Central Bankers are all geniuses.

To: long-gone who wrote (12665)	6/6/1998 9:53:00 PM
From: JCgold3	Read Replies (4) \| Respond to of 116796

Goldsnow and Richard Harmon, Country by country, currency exchange rates are coming under attack. The countries that are suffering the most either have little or no gold backing their currency, incompetently sell their gold reserves to bail out their currency in the short term, or ask their people to donate their gold baubles to the government to sell on the "open" market. It would seem conspiratorial except for the lack of intelligence of many of the government leaders who make the decisions. The result is an even weaker currency for the country selling their gold and a growing power for those who are accumulating the physical bullion. Which country will be the next to give up their gold or have it taken from them? What will happen when the US$ is attacked which must happen at some point? Will we sell our gold as part of an IMF recommendation to achieve solvency or will Alan Greenspan buy gold in order to protect the US? What happens to our multi-trillion $ debt? Is the US part of the problem or is it possible we're accumulating gold (contrary to FED reports)? Are we attacking, protecting, or standing on the sidelines of these currency crises?