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Strategies & Market Trends : Asia Forum

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To: k.ramesh who wrote (2321)	2/23/1998 8:48:00 AM
From: Worswick	Read Replies (2) of 9980

Well thought out +K. I agree with your "inflation" premise about gold. When I first went to India in the summer of 1959 the Rupee was Rs. 3.60 to the dollar. Moving forward in the last ten years gold hasn't done so badly against the rupee either. People for a generation have said the "Indian fascination" for gold was silly yet all the naysayers may be proved wrong simply becasue with every government in the world printing moutains of paper money there are not mountains of gold. As for diamonds don't underestimate the "grease" that the diamond wallah's of Surat now have in the world financial community... then, take the Israli connection and add it all up into a new diamond paradigm. I have never been certain how beloved De Beers was with anyone. It will be interesting to watch if India finally opens her vast diamond prospects for real exploration and mining. I have always thought that the British interests "shuffled" India and were happy to keep Indian diamond prospects as a backwater -- as say, opposed, to their financial interests in the more docile anfd tractable South African fields controlled by Barnato and his deeply corrupt lackeys. My best,

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