SI
SI
discoversearch

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: long-gone who wrote (16025)8/17/1998 5:35:00 PM
From: Wizzer  Read Replies (2) | Respond to of 116767
 
Someone posted this article on the ruble.
Message 5513294

The threat and subsequent devaluation of currencies in countries, does typically cause a movement to "hard" assets like gold. There also seems to be concern that the Chinese will also devalue the Yuan. Indian monsoon season is over, and the wedding season has begun, which is typically good for gold also.

I believe several factors are present for a short term upward movement in gold, with short term demand. Asia will be the catalyst for this movement.

Also, heard on CNBC that market capitalization of companies like Microsoft or GE are worth more than the total value of the Hong Kong Stock market (down more than 60%).



To: long-gone who wrote (16025)8/17/1998 9:41:00 PM
From: Enigma  Read Replies (3) | Respond to of 116767
 
Richard - gold or silver would look good to Russians now but I wonder how much buying power that really represents and also whether the ordinary citizen is able to buy gold, or whether there is a black market for same, and if there is a flight from paper whether the govt. will act as the States did in the 30s? E


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News