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

To: lorne who wrote (17383)9/3/1998 2:09:00 PM
From: marcos  Read Replies (1) | Respond to of 116777
 
Exactly - it's not so much that gold has 'gone down', it's that the US$ has 'gone up'.

With this url you can plot six base currencies or Au/Ag/Pt against quite a number of currencies, it kind of broadens your perspective; pacific.commerce.ubc.ca

For example, plot yen/gold - whole different story from US$/gold.

Really, though, the value of an ounce of gold is perfectly stable - at precisely one ounce of gold.



To: lorne who wrote (17383)9/3/1998 2:14:00 PM
From: Don Green  Respond to of 116777
 
> price of gold is down only in terms of the $US

Yes, and that is what I have been talking about.. I guess in some countries the overall losses in Gold Value could be much different.

Hey, I would love to be wrong in Gold price prospects, because I own a large bank account of Yen in sitting in Citibank in Tokyo and a weaker dollar means a stronger yen and also a stronger Price on Gold.

But I don't see it over the long term.

Regards
Don


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