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

To: Crimson Ghost who wrote (66950)	4/3/2001 3:59:51 PM
From: George Hassen	Read Replies (1) \| Respond to of 116946

I'm hearing that the angry Chinese banks are going to dump the U.S. dollar with their foreign reserve which is the second largest foreign reserve in the world. Does anyone know if there's any truth to this? I'm thinking about buying gold tomorrow.

To: Crimson Ghost who wrote (66950)	4/3/2001 4:27:27 PM
From: Keith Monahan	Read Replies (3) \| Respond to of 116946

What our enemies the dollar bulls are saying Enemies? Are you worried he might be right? What is your rebuttal to this section of his comments: "Still, beyond this notion of the dollar simply being a safe haven lies a more telling reason for the dollar's strength. The outstanding regulatory and legal structure in the U.S., its flexible labor and product markets, and its deep and liquid financial markets, all provide the United States a decisive comparative advantage in attracting foreign capital. A recently released study by PricewaterhouseCoopers produced an opacity index that measures the effects of unclear legal systems and regulations, macroeconomic and tax policies, accounting standards and practices, and corruption in the capital markets of 35 countries. The U.S. ranked second for the most transparent system just behind Singapore. This transparency in the U.S keeps interest rates low and foreign capital flowing in."