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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (6886)	7/25/1999 11:49:00 PM
From: Hawkmoon	Respond to of 82035

"Last year was terrible where they sold gold in panic," Mr Cheng said referring to Indonesia where the rupiah lost 80 per cent of its value as the country plunged into an economic abyss. He said it was still largely rural demand that is driving gold sales in Indonesia. In Thailand, the story is pretty much the same and in local currency terms, the price of gold is actually up which seems to drive demand even more, he said. "The mentality of Asians is buy when the price is going up, rather than when the price is going down." Question to the audience: Why would US holders of gold react any differently than the folks in Indonesia when it comes to whether to hold or sell gold when your economy goes to hell?? And how will they react should Y2K fears cause another crisis of confidence in the region?? Btw, thanks for the post m.philli...