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Gold/Mining/Energy : Silver prices

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To: GM who wrote (1016)	4/7/1998 2:38:00 PM
From: Todd J.	of 8010

sunday-times.co.uk March 29 1998 MONEY Bank boss fears global crash in 2000 Robert Winnett A SENIOR executive at Barclays has warned people to sell their homes, stockpile their cash and buy gold in case of a global economic collapse caused by the millennium computer bug. This extraordinary warning is echoed by other bank managers who fear a run on deposits. When computers click over from the year 99 to 00 experts say many applications will crash and create indecipherable data. Under this "doomsday scenario" global markets and economies may fail to cope with millions of computers crashing at once. It is feared currencies and stock exchanges could go into free fall, slashing the value of savings. The scenario is now being treated seriously because European banks are struggling to change systems in time for the single currency. Many have not even begun to tackle the millennium bug. From next year insurance policies, bank accounts and other financial products must incorporate the year 2000 in many of next year's transactions...

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