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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (3794)	8/27/2001 9:32:44 AM
From: Tommaso	Respond to of 206330

Best I can tell from various sources, including the Fed's weekly figures, there's under $600 billion in cash. But most people do think that about $400 billion of that is outside the US. I think some of that might get exchanged for euros, but perhaps not until the dust settles about next March or April. I say that with some regret since the Merrill Lynch euro warrants only run until February 28. Clearly Merrill was betting on the discomfort of the mandatory switch to euros to keep it down, and they may have been correct. But for long term capital preservation, the euro bond fund, BEGBX, may not be a bad place.