To: Eva who wrote (33012 ) 10/11/2003 6:26:39 PM From: menanna Respond to of 36161 Hi Eva: <Not only Russia - the article says ME may follow suit.> That is the big question "What will the ME do?" The pricing of oil in euro will not be big surprise in Europe. Much speculation about it has been going on, particularly in relation to the expansion of the European Union. When I was there in the summer the question in the economic circles was about what the Islamic countries and the Islamic banks would do when (and not if) oil in the Eurozone was going to be prized in euro. Would they follow suit and accept Euro or would they use the occasion to ask payment in Islamic Gold Diners? No one obviously knows, but many, (at list in the circles where some of my family members work, i.e. Banca Nazionale Italiana) speculate that they will accept euro initially, but may request Gold Diners in the future. I have been doing some research in the last couple of months to try to understand how gold could be used by countries interested in ending or diminishing the USA’s economic and political hegemony. Of course this does not include Islamic countries only. The European Central Bank Gold Agreement (a.k.a. the Washington Agreement) clearly set the tone to place the Euro as a strong competition to the USA$. The more I read the more I get confused by the complexity of the issues related to quest for economic power. For those who are interested in this topic, here are some links in English you may want to take a look at. From a North American perspective:rense.com 321gold.com larouchepub.com socrates.berkeley.edu minesite.com gold-eagle.com From an Islamic and ME perspectivee-dinar.com islamicmint.com thefiqh.org islamic-banking.com PS.: Eva, I like your market moves, read all of your posts, and like your sense of humour. Go on girl, keep us informed, on topic, and amused. My best wishes for the perfect wind whenever you sale, by at sea or in the market. Ciao and Cheers Anna