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To: IngotWeTrust who wrote (47119)	1/16/2000 12:20:00 PM
From: Richnorth	Respond to of 116820

You still up for making good on your pledge of "participatory financing" previous offered should said opportunity materialize?? Glad you have finally shown evidence you have seen my post to Ron Reece a while back. Nope! Never made any pledge for "participatory financing". I maybe interested L8R. For the time being, I am very actively participating in the new gold rush (internet & hi-tech stocks) and am happy where I am right now. P.S. Oh, and the way, they say that phosphatidyl serine is very good for hexagenarians and up. Would appreciate comments from anyone regarding this stuff.

To: IngotWeTrust who wrote (47119)	1/16/2000 2:37:00 PM
From: Alex	Respond to of 116820

Indian gold demand sets to pick up BOMBAY: Gold demand in India, the world's largest market for the metal, is set to pick up significantly in 2000 as a reviving economy boosts disposable income, traders and analysts said. "We are expecting a 15 percent rise in demand in 2000 over the previous year," Ravi Vasantraj, analyst at gold trading house Mecklai and Mecklai told Indians bought 815 tonnes of gold in 1998, and demand in the nine months to September of 1999 was 659 tonnes, up four percent year-on-year, reports AFP. "The past year was a turbulent one for gold," said Vasantraj. "International prices were fluctuating wildly on gold sales by European central banks, the domestic economy was yet to fully get on the recovery path and domestic customs duties were also raised, depressing demand to an extent." The Indian economy is now well on the road to recovery after two years of slowdown. Exports are up and so is the stock market. Analysts expect gross domestic product to grow about 6.5 percent in the year to March 2000, compared to 5.8 percent the previous year. "The general economic growth and the feel-good factor will lead to more people buying gold this year than last year. There is a lot of optimism in the market," said Vasantraj. Demand in the past two years has been generally flat, with only marginal rises. "This year we should see the recovery more pronounced." Vasantraj said. According to the Hindu calendar the auspicious period for making buying decisions begins on Saturday. Gold jewellers and traders in Bombay -- the country's largest market for the metal -- are gearing up to cash in on the increased prosperity in the economy. Some 170 jewellers will participate in a city-wide 45-day Gold Festival beginning Saturday. The inaugural festival last year generated sales of one billion rupees (25.6 million dollars). "This year we expect to generate sales worth two billion rupees. There is a lot of enthusiasm among buyers," said Nirmal Zaveri of the jewellers association the Gold Club. Zaveri's firm Tribhovandas Bhimji Zaveri has also announced innovative financing schemes, which offer interest-free loans in a bid to draw more customers into its showrooms. Zaveri said an important factor influencing retail buying decisions this year would be the relative stability of international gold prices. "Because the prices have been relatively stable, customers feel comfortable and are expected to come in. The retail business has picked up of late," he said. Derrick Machado, regional director for the Geneva-based private World Gold Council, said reports indicated demand was already up. "Jewellers in several parts of the country say demand is better than same time last year. The market is good now," he said. Machado said that while gold demand for marriages and festive occasions is "relatively inelastic, demand for other purposes is a factor of the price at which gold is available and growth in per capita income. "The stabilising prices after the huge volatility witnessed last year will instill confidence in traders and consumers to take long-term views on the price." Domestic demand for gold is almost entirely met by imports as production is negligible. More than a decade ago, almost all gold imports were smuggled in, but in 1989 the government relaxed controls on buying, selling and stockpiling gold. In 1992, further deregulation was introduced by allowing Indians returning from overseas to bring in five kilograms (11 pounds) of gold, a figure that was recently doubled. In 1997, the government allowed select banks and trading houses to import gold and this halved the differential between domestic and international prices. expressindia.com

To: IngotWeTrust who wrote (47119)	1/16/2000 9:04:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116820

Alarm over North Korea's secret deal for Congo uranium By Christina Lamb 'We were lucky if we got beaten only two or three times a day' NORTH Korea is believed to be obtaining uranium for its secret nuclear weapons programme in return for providing military training to the Congo. Preparing for war: President Kabila is said to be building up his military capability For several months North Korea has been supplying troops and training Congolese soldiers engaged in one of Africa's bloodiest civil wars. US and South African intelligence sources fear that Laurent Kabila, the cash-strapped President of the Democratic Republic of Congo, may have given North Korea access to the country's largest uranium mine as payment. The director of a British mining company in the Congo told The Telegraph that his workers had seen North Korean soldiers in Shinkolobwe, a mining town 100 miles north of the capital, which provided uranium for the Hiroshima bomb. Richard Cornwall, from the South African (cont) telegraph.co.uk