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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Mr Metals who wrote (236)12/12/1997 1:00:00 PM
From: Zardoz  Read Replies (2) of 3558
 
Mr Metal, nice to see you here too.

Did you catch the comment from the X-Fed offical in the US the other day. Suggesting that they transfer loans to the ASIAN countries in the form of GOLD, so that they can have a quasi peg to the US Dollar, as well as acting as a quasi standard. Than the US would follow a slow repurchase of gold on the world market. He figured that this would stabilize a lot of currencies and lower world deflation.

Article appear on either CNNfn or CNBC.
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