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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (11690)	1/13/2003 3:07:15 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 89467

China has announced diversification of their $300B in reserves in early 2002 I think they were predominantly USTBonds but in summer 2002 they announced plans to make 1/3 USTBond 1/3 EuroBond 1/3 Gold do the math 1/3 of $300B reserved in gold for a new central bank that is a lot of chicken now continue to add 1/3 of all new surplus reserves from trade that be chicken with wings I think two forces have driven up gold and dollar down China and Islamic oil producers money is heading into Euro and Gold big money, and the trend wont quit until at least 2007 / jim