Post by
PGMBOY on Jun 14, 2005 3:25pm
GOLD vs FIAT CURRENCIES
Gold’s relative strength suggests a new paradigm at work in the financial markets. With its recent return to respectability, one can almost anticipate that management of the gold price will become an even more integral component in the official sector’s expectations management game, particularly with so many fissures now appearing in the paper currency world. But like Banquo’s ghost in Macbeth, gold appears set to make continued unwanted appearances, haunting policy makers as it relentlessly rises against each of today’s fiat currencies.