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To: SeaViewer who wrote (62756)	1/29/2001 5:00:55 PM
From: Mark Adams	Respond to of 436258

Well, that is a higher percentage than I was thinking. I remember there was some desire for the CBs to get rid of that nasty gold, and replace it with income generating assets. The question, a year or so back, was would the euro prove to be a credible counterpart to the dollar. I think the theory was that if it were, a basket of bonds from various countries, including the US and the Euro could provide income and provide liquidity to defend a currency. If this were to come about, then some countries might divest US dollar denominated bonds to buy into other countries.