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

To: J. Nelson who wrote (7500)	2/12/1998 8:43:00 AM
From: PaulM	Respond to of 116996

Not sure what Bre-x would trade at even with 100 mil oz, but the dollar peg proposals are again mostly large financial interests showing their face. In America, Europe and Japan, they seek more public funds for the IMF. In S Korea and Indonesia, they need stronger currencies so these countries can make good on their foreign dollar denominated obligations. In S Korea, that means an IMF "prescription" of 30% interest rates. In Indonedesia, a dollar peg. All this makes it impossible for the average person to live these countries, but priorities.... It's interesting that I've seen nothing--not one word from the press, the Guardians of Morality in this country--about Suharto's role or the propriety of this multi-billionaire deciding economic policy with major world financial interests.