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

To: Ken Benes who wrote (31769)	4/14/1999 10:57:00 PM
From: lorne	Read Replies (2) \| Respond to of 116770

Ken....You said...."What is going to happen to that extra demand for gold coins next year if the y2k is not as calamitous as predicted on this thread. The aftermath would be disastrous for the POG."..... I'm not sure all that demand for gold coins is due to y2k only I think that the overall low price of gold has created a kind of fire sale for gold items and I think that a lot of people are loading up on gold knowing that some day the POG will be much higher than what they are now paying. My own feeling is that y2k will create an increase in the POG but the real surge in POG will occur with the crash of the US$ which I believe will happen in the near future. In the last week China has said it is time to end the dominance of the US$, there have been rumblings this week of China selling US treasuries, and I believe that the USA involvement in Yugoslavia will in the end be a disaster for the US$. I can't help but think that there are many more countries now who fear US dominance of their countries both economically and by military force. And as long as the US$ is top dog they will be dominated. Just my opinion. Lorne