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To: Cicero
OK, I read it twice. When filtered through the stuff, it kinda does make sense.

Can I ask the board, what's with the China thing and gold? Do they see something we don't?
19 posted on 01/16/2003 4:57:43 PM PST by MonroeDNA (What's the frequency, Kenneth?)
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To: MonroeDNA
There are moves afoot in several parts of the world to get away from the dollar. Whether they take hold or not, I don't know. China certainly is moving into gold. They have a HUGE balance of payment surplus with the US, and they are still parking almost all of it in treasury paper, but they are starting to put some of it into gold as well.

The other initiative is the Indonesian-organized plan to develop a gold dinar for Muslim countries. Of these two, I think the Chinese move is a good deal more serious, because the Chinese understand money and trade.
26 posted on 01/16/2003 5:48:16 PM PST by Cicero
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