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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (51957)	4/28/2000 12:20:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116764

EURO CRISIS FEARS sunday-times.co.uk How's the following scenario: The Euro falls below the psychologically key .90 rate-who knows--maybe next week, causing a collapse in confidence in Europe. In response, the ECB "panics" by calling in some of its gold loans. But then a funny thing (totally unexpected, of course) happens: a Goldman Sachs or a Morgan Stanley or an LTCM wannabe can't deliver. The ECB, being the responsible international institution that it is, let's the boys off the hook for the gold loan (but it does want Euros). The boys get a loan (at say, 5 times the Euro price of gold) and have to cover with whatever gold they can get there hands on, and Euros . The gold market collapses, the Euro appreciates and coincidentally, the Swiss are there in time to make the ECB gold reserves whole (ala Howe's article).