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Re: [Mgs] declining dollar

To: "David Breneman" <david_breneman@yahoo.com>, <mgs@autox.team.net>
Subject: Re: [Mgs] declining dollar
From: "Paul Hunt" <paul.hunt1@blueyonder.co.uk>
Date: Sun, 23 Sep 2007 14:36:30 +0100
Yes.  Even with gold being priced in dollars, it *has* to either become more 
expensive for Americans to 'buy' or less expensive for non-Americans, as its 
price is also set by demand, no matter from which country.  Whether America 
will sell any bullion or not is a separate issue, but in America everything 
has its price and if goes high enough someone will sell it.

MGs aren't priced in a single currency but the same principles of supply and 
demand apply, .  American MGs *are* cheaper to Europeans now than they were. 
Whether that will result in a flock of European purchases of 'American' MGs 
remains to be seen, and if it did so it would push the price up.  Whether it 
would go so high as to force the American Government to introduce export 
controls so as to retain 'their' MGs also remains to be seen :o)

PaulH.

----- Original Message ----- 
> question: Will a declining dollar mean that foreigners will come
> in and pluck away our gold bullion? 
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