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


To: John Mansfield who wrote (23328)11/23/1998 6:14:00 PM
From: goldsnow  Respond to of 116752
 
IMO this has a ball-valve or tire effect-the lower POG the more Gold needs to be in a vault, but more important the Higher the Dollar than more Gold would be needed to maintain 15% or any other fixed % to reserves (mostly dollar of course), unless the mechanismis is to un-load dollar not gold, which is likely if Euro to strengthen against dollar..
Anyway very interesting...