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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (2083)11/5/1998 6:08:00 PM
From: sea_urchin  Respond to of 81434
 
George : Re Hutch's credibility and going with the flow.

Some while back, it was actually Hutch who drew my attention to the gold price as measured in SDRs. As you may know, the SDR is a "basket" of five major currencies containing US$, yen, dmark, sterling and French franc. Therefore the POG, as measured in SDRs, is virtually a currency neutral index of the true value of gold. Go to pacific.commerce.ubc.ca and see what POG in SDRs looks like. You will observe immediately that he is going with the flow! (Look particularly at the graph from 1995)