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To: tekgk who wrote (6961)	1/30/1998 2:45:00 PM
From: PaulM	Respond to of 116762

tekgk, nice post. Similar ideas crossed my mind, but more vaguely. EOM

To: tekgk who wrote (6961)	1/31/1998 2:16:00 AM
From: marcos	Read Replies (1) \| Respond to of 116762

Well thought and well said, tekgk. The world may soon have two reserve currencies, only sixty years after the US dollar took over from sterling. Europe is as large an economy as North America, if they can agree on currency union that currency will be strong, near-Bundesbank standards will apply, as the Germans will have it no other way. It is difficult to imagine that Euro-managers would not want some diversification from the US dollar in their reserves, or that they could be so short-sighted as to reduce gold holdings. It's not much of a stretch to see them accumulating both dollars and gold at this point. It seems reasonable that Mr Greenspan would want a few Euros on the books, as well. People might consider following your bio over to Mohan's thread for some great posts. ........... Salud .................. marcos