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To: Abner Hosmer who wrote (5801)	1/14/1998 1:30:00 AM
From: Ronald P. Margraf Sr.	Respond to of 116759

Hi Tom, If the Asian propose a unified currency it would probably work. Asians are Asians. Even though they have their cultural differences, China is more trusted then the US. Europeans are different. They are eat up with them selves. China will have to become capalist but can still be communist in government if they do it right. The lesser countries will be able to deal with it as long as China agrees to not force them into a communist idiology. JMHO Ron

To: Abner Hosmer who wrote (5801)	1/14/1998 7:54:00 PM
From: goldsnow	Read Replies (4) \| Respond to of 116759

>>>Would anyone care to opine on the long-term consequences of the Asian crisis.... Asia may ultimately emerge much stronger, more unified. But once again, how long? Comments, anyone?>>> Thomas, let me try to express my opinion ..glad you asked long-term. I just cannot see China that just beginning to taste fruits of economic freedom would revert back... If it does not (and I think not) China would be much more powerful engine of growth than USA or Japan ever was. Telecommunications,(especially wireless) gold (more affluent population) and industrial commodities (copper aluminum ets) stand to win big..This process cannot be stopped.. World-wide depression (gold $200)therefore in IMO is impossible,. Crisis and recessions along the way are given..Crisis is not deflationary feature of the world economy it is no different than zunami or fire or demolishion of the old stadium to build a new one..If you have many inefficient businesses destroyed than you also destroy a competition (inflationary) Nature, economy hates vacuum... CB's have 7 years of gold supply that does not count demand in China/India that 5 years from now would translate in 3 year supply at current demand. Just commodity I take supply/demand fundamentals but it is not...How many people have copper in their ears and neck and proud of it? Market can keep a lid on supply of copper, gold or DRAM memory cheaps but it cannot stop a great demand that is about to start in "long" term future in Asia.. To pick a bottom or ride the storm is a chalenge..Telecommunications? gold? semiconductor equipment makers? all? Individual choice but only gold is at 18 year low...with the highest demand in history of mankind...