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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (28759)	5/19/2010 6:23:55 PM
From: maceng2	Read Replies (1) \| Respond to of 71461

Do they have any? [euros] According to that news link, yes they do. The Prime Minister has justified to sales by saying that the single European currency was a better long-term investment than gold. Today, euro assets make up around a third of the country’s reserves, the largest share of any currency. Official Treasury figures published this week show that during 2009, the euro assets in the national reserve fell in value from $24 billion to $22.2 billion. That left the UK with a paper loss of £1.2 billion. So since the start of 2010 my rough calculation has our national euro assets losing another $2.9 Billion. Quite an achievement of sorts. Hey. we don't need the money. It was always in Gordons plan to save the world, not us. -g-