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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (5201)	1/4/1998 8:34:00 PM
From: Ronald P. Margraf Sr.	Respond to of 116753

Hi Jack, Well sort of. Actually I really don't beleive any gold will move across the pond. Just numbers (no pun intended). We are probably talking wire trasnsfers from one account to another. I beleive the value of the US $ is being used as the currency of the day and so the value of the package would have a direct correlation to their debt and the amount loaned. I beleive I read in the WSJ that Koreas debt in intrest payments alone was going to be 3 bil a month for the next few months. So I think basically what we are seeing is nothing more then keeping the books strait. Nothing more nothing less. We wire it to them on Monday and they wire it back to us on Tuesday.;-) Pretty slick huh? So I don't really think your going to see to much gold change hands. JMHO. Ron