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To: goldsnow who wrote (5279)	1/5/1998 9:34:00 PM
From: Thomas F. O'Connor	Read Replies (2) \| Respond to of 116760

You are exactly right. As of 9:00 PM EST, the Dollar had appreciated a further 15.8% against the Indonesian Rupiah, 6.8% against the Malaysian Ringget, 5.5% against the Philippine Peso, 9.39% against the South Korean Won, and 5.98% against the Thai Baht. If these markets don't stabilize soon, there is going to be generalized default in Southeast Asia. Then, what might they use for money?.

To: goldsnow who wrote (5279)	1/6/1998 10:22:00 AM
From: Bucky Katt	Read Replies (2) \| Respond to of 116760

GS--In the news today I read China will lay-off 1/3, (1.1 million) workers from the railroad system. Not a good sign, especially in a commie state. But, the "state" has all the guns, so how can the coolie fight back? Maybe by making more cheap crap for Wal-Mart??? It looks like the writing is on the wall. Can you read it?

To: goldsnow who wrote (5279)	1/7/1998 7:13:00 PM
From: goldsnow	Respond to of 116760

Belgians buying some gold? Value of Belgian gold holdings falls 9.3 pct on yr 01:58 p.m Jan 07, 1998 Eastern BRUSSELS, Jan 7 (Reuters) - The 1997/98 slide in gold prices has cut the value of the National Bank of Belgium's holding by 9.3 percent to 165 billion Belgian francs ($4.4 billion) from 182 billion francs a year ago, figures released on Wednesday showed. The central bank's gold and foreign currency reserves are revalued once each year at the rates prevailing on the last working day in December. A spokesman for the central bank declined to state at which rate the gold was valued at on December 31, 1997, noting the NBB would next month publish its annual report giving full details. Wednesday's figures were contained in the bank's weekly review of its balance sheet, which straddled the end-year period. However, the market rate for gold in Brussels on December 31 was 340,450 francs a kilogramme, placing the weight of the NBB holding at approximately 484 tonnes compared with around 476 tonnes a year ago, when the gold was valued at 381,336 francs. To this has to be added Belgian gold held by the European Monetary Institute, which shows up on the NBB's balance sheet in the form of Ecus. European central banks participating in the European Monetary System lodge 20 percent of their gold and gross dollar reserves with the EMI, meaning if they cut back their national holdings of either they are eligible to receive back some of the amounts lodged with the EMI. The NBB was one of the biggest central bank sellers of gold in 1996, offloading some 203 tonnes. Because it cut its gold holding this way, it received back some 40.6 tonnes of gold lodged with the EMI. The National Bank spokesman declined to comment when asked whether the bank lent gold like other European central banks. ((Nick Antonovics, Brussels Newsroom +32 2 287 6830, fax +32 2 230 5573, brussels.newsroom+reuters.com)) ^REUTERS@ Copyright 1997 Reuters Limited. All rights reserved.