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To: Zardoz who wrote (79514)	11/21/2001 3:29:13 PM
From: marcos	Read Replies (1) \| Respond to of 116756

Uninhibited growth without purpose to the host organism is called 'cancer'. 'Growth potential.' ;-)

To: Zardoz who wrote (79514)	11/21/2001 4:58:33 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 116756

Zardoz = Hutch ? ...I thought Hutch passed away (literally) ? A reincarnation ? (...so the SOB was a Hindu short-selling New Dehli Gold Trader after all huh (vbg) ?

To: Zardoz who wrote (79514)	11/23/2001 11:47:07 PM
From: long-gone	Respond to of 116756

Surge In Gold Bullion Coins Sales Seen After 911 By Jyotirmoy Datta Indo-Asian News Service 11-23-1 NEW YORK (IANS) - The demand for gold bullion coins in the U.S. was significantly impacted by the events of September 11, according to the third quarterly (Q3) report of the World Gold Council (WGC) released here. The sales of new coins in the U.S. jumped to 3.5 tonnes in Q3 2001, representing a year-on-year increase of 403 percent. The upsurge in coin sales was largely offset by a decline in jewellery demand of two percent year-on-year, according to George Milling-Stanley, manager of WGC Gold Market Analysis. WGC's "Gold Demand Trends" report states that overall U.S. gold demand in Q3 was 104.4 tonnes, a one percent increase over Q3 2000, while for the first three quarters of 2001 it was 278.3 tonnes, around three percent higher than the previous year. Gold demand in India was 171.9 tonnes in Q3, 17 percent lower than the 208.0 tonnes recorded in Q3, 2000. With the strong demand in the first half of the year, the total three quarters demand was six percent higher than in 2000. "Two factors primarily accounted for the Q3 decline (in India). First there was a longer than usual period that was inauspicious for gold buying according to the Hindu calendar," the report states. "Secondly, the price volatility that occurred after September 11 deterred purchases and delayed merchants building up their stocks in anticipation of the festival and the wedding seasons which occur later in the year." Despite the unfavourable factors, the total demand in India in the first three quarters of 2001 was 662.3 tonnes, a rise of six percent compared with the corresponding period in 2000, when it was 625.7 tonnes. The rise in the price of gold in September, according to the report, led to hoarders offloading substantial amounts of gold in some areas. The additional demand was met by this recycled gold. Presenting the report to analysts in New York, Milling-Stanley said gold demand for jewellery and personal investment worldwide had responded to global events in Q3 both before and after September 11. "The increased global uncertainty following the terrorist attacks caused a rise in safe-haven buying of investment gold in a number of countries," Milling-Stanley said. The slowdown in global economic activity following the terrorist attacks and the ensuing volatile gold price caused gold jewellery demand to fall 10 percent from the previous year levels to 649 tonnes. "Together with the issue of the Deutsche Mark commemorative coin, this pushed investment demand to 106 tonnes, 17 percent higher than in Q3, 2000." The manner and the extent of the effects varied widely across the globe. The impact was more noticeable in countries such as Japan, Korea, Vietnam, Thailand and the U.S., with lesser effect in a number of other countries. In Pakistan the political and economic consequences of September 11, coupled with the rise in the dollar gold price and following already slow demand, resulted in a 34 percent drop in gold demand from 32.4 4 tonnes in Q3 2000 to 21.3 tonnes. After a lacklustre first half of the year, demand in Pakistan for the first three quarters totalled 72.9 tonnes, a 17 percent decline from the year-earlier period. In a presentation on developments in the global gold retail investment market, Albert Cheng, Singapore-based WGC Regional Director for East Asia, said there has been no decline in the volume of net retail investment over the past eight years. Year 2000 was a "special case" because of the Y2K bust, when a large amount of gold that had been hoarded ahead of the millennium came back into the market, depressing net global demand to well below the 1993-1999 levels. Copyright © 2001 IANS India Private Limited. All rights Reserved.