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To: goldsnow who wrote (3088)	11/12/1997 8:51:00 PM
From: Ron Wilkinson	Read Replies (1) \| Respond to of 116822

goldsnow: seems to me that IF all that we see happening with the POG and currency revaluations is the normal course of a correction at the end of a period of excess, then we should be able to see this phenomena appear elsewhere in history. I admit that it has happened to one or two countries at a time in the past, but nothing like what is happening now, an entire hemisphere! Until your post I had thought of the POG and currency events as unrelated, just concurrent. I am not so sure anymore. Perhaps they need to be examined at the same time to be understood. Regards, Ron

To: goldsnow who wrote (3088)	11/12/1997 9:06:00 PM
From: lorne	Read Replies (1) \| Respond to of 116822

The IMF Bailout: What Could It Cost? INDONESIA Suharto regime has agreed to shut ESTIMATED COST down banks, break up $40 BILLION government monopolies, and dilute the interest of the ruling family and its cronies to get IMF package. THAILAND To get IMF funds, Thai government plans $22 BILLION to shut, merge, or fix 58 finance companies. But political chaos is stalling reforms and hindering the bailout. PHILIPPINES So far, it's getting a small package $1 BILLION to stabilize its currency. SOUTH It could be next in line for IMF help, $40 BILLION KOREA as a string of chaebol bankruptcies has triggered a debt crisis in the bank sector, forced the stock market down, and depressed the won. ESTIMATED TOTAL: $103 BILLION

To: goldsnow who wrote (3088)	11/13/1997 12:35:00 AM
From: CIMA	Read Replies (1) \| Respond to of 116822

I'm not a big believer in conspiracy theories, but it seems too coincidental that the G7 central banks and others in the western economy have come out in unison re gold sales as they try to control the fallout of the Asian currency crises. If it was 1980, interest rates would be going through the roof to protect the currencies. People would be fleeing to hard assets, creating $800 gold and the Hunt's $50 silver. In order to circumvent a panic, central bankers are keeping the lid on gold, the historical safe haven. It remains to be seen if they can avert a recession by keeping interest rates low. It's getting ugly, but so far it appears their concerted efforts may work. It's inconceivable to think they aren't talking to each other re damage control. Gold becomes a victim in this scenario but well worth the price given the alternatives.