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To: Zardoz who wrote (34584)5/28/1999 2:44:00 AM
From: Elizabeth Andrews  Read Replies (3) | Respond to of 116767
 
Why doesn't somebody explain to me why the US$ is relatively strong with respect to all currencies and absolutely strong with many currencies when our country's current account deficit is at record levels? What is creating the demand?



To: Zardoz who wrote (34584)5/28/1999 6:53:00 AM
From: Enigma  Read Replies (1) | Respond to of 116767
 

Can no more prove it than you can re the Euro - where the problems are more to do with diverse political needs than the reserve make up, on the other haand if they didn't have 15% gold.......?

As for the Maple Leaf Coin launch - guess you were in diapers then - but the effort was said to be promoting the Canadian gold industry (in fact I believe that intial sales were equivalent to the entire annual output and demand was brisk) - not, as you would have it, to get rid of reserve assets. d



To: Zardoz who wrote (34584)5/28/1999 10:45:00 AM
From: Jim McMannis  Read Replies (2) | Respond to of 116767
 
RE:"My opinion:
Canada promoted Maple Leaf Coins so they could get rid of their
GOLD. I would assume that by promoting sales that it would be less
intrusive then just dumping it onto the markets. Did they not sell at a
MUCH higher price then where gold is now? But demand sucked then,
much like now.."....

I agree but why aren't the european central banks that smart?