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

To: lorne who wrote (31990)	4/17/1999 7:18:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 116764

Lorne : In general value terms, gold has always been "counterbalanced" against the dollar. When the dollar falls in value against other currencies, POG invariably rises. However, since the US owns more gold than anyone, the US dollar should, theoretically, be the biggest beneficiary when the gold price rises. For this reason, when the "external" value of the dollar falls, the "internal" value actually rises. A kind of negative feedback loop which stabilizes the value of the currency. So, if one thinks about it, it's actually not possible for the dollar to lose its status as a reserve currency