Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: lorne who wrote (27269)	1/29/1999 1:26:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116763

Lorne, That's correct. Actually the Swiss Franc may perform rather well as they apparently have strict guidelines preventing the selling of gold without approval through a political referendum (I believe that's correct). But the US stock market isn't denominated in Swiss Franks. And while the Euro has some gold "backing" it, the last thing they want is for their currency to spike up and exacerbate their economic problems and declining export profits. I think a gradual unwinding of gold positions done over the course of several years could occur (and should occur) without dreadful impacts on the US economy or economic confidence. But a spike in gold above $300-325 would send a panic through financial markets across the globe (IMO). Good point!! And it could be a good indicator to watch to determine if the Frank is gaining on the dollar. Regards, Ron