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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1755)	10/3/1998 12:09:00 PM
From: Ahda	Read Replies (2) \| Respond to of 1911

I think if one looks a nation separate of the whole the problems are less. The complexity lies in trying to intigrate all and the solution becomes almost like a cloud in the air as it definitely changes all the time. If you look right now at the structure of the imf and think percentages and the fact that these pecentages change the burden significantly more so that the weakest dollar of the lot has the heaviest load. The crisis become more visible accounting wise one can see how the problems are so vast as the conversion to the unit that the imf uses there is great loss of funds because of the peg. "The value of the SDR is determined daily on the basis of a basket of five currencies: the U.S. dollar, the deutsche mark, the French franc, the Japanese yen, and the pound sterling. The value of the SDR tends to be more stable than that of any single currency in the basket; movement in the exchange rate of any one component currency will tend to be partly or fully offset by movements in the exchange rates of the other currencies." Must of been so much more simple when there was a gold standard than now as at any given time the vulnerabilty of each currency has increased havock on participating nations. The brunt of this darn thing means not only nation liquidity but world and from the look of things we are going to have too many usa dollars floating in this world. Mind boggling where all this leads.