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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (6131)5/30/1999 9:03:00 PM
From: ForYourEyesOnly  Read Replies (1) of 81011
 
"Regarding the Asian question. Actually, there was a meeting in Macao just recently attended by Japan, Taiwan and China. They are patching up their differences and a new currency is indeed in the works. Will have a gold backing. They are fed up with US arrogance. "

Hi Bill!

This is a very interesting development. Would you care to elaborate?

I would imagine that they would need a large amount of gold to pull this off.....if they were buying that much gold, it is hard to imagine that gold would be at a historical low price.

When do you see this happening?

I find it somewhat difficult to imagine the Japanese and Chinese working together on a new currency. The walls of distrust between these 2 countries are very high indeed.

Furthermore, China does not recognize the independence of Taiwan, and I don't know how Taiwan would be given a position in such an arrangement.

Looking forward to more details......

Cheers,

THC
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