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To: Alex who wrote (16777)	8/28/1998 1:23:00 AM
From: Sergio R. Mejia	Read Replies (2) \| Respond to of 116822

Hi Alex: Russia May Mint Gold Rubles Thursday August 27, 10:25 pm Eastern Time Report: Russia May Mint Gold Rubles MOSCOW (AP) -- Russia's Central Bank is considering minting a batch of gold coins worth a total of $127 million in an attempt to help restore confidence in the ruble, a news report said Thursday. The Association of Russian banks, which proposed the idea, has already secured support from members of the government and both houses of parliament, Dmitry Ignatyev, a department head with the association, told the Interfax news agency. If the Central Bank agrees, the coins would be in circulation within two weeks, Ignatyev said. The value of individual coins would be set by the Central Bank. The Central Bank has suspended all currency trading since Tuesday amid the latest economic crisis, as confidence in the ruble has nose-dived.

To: Alex who wrote (16777)	8/28/1998 6:02:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116822

should the question have been phrased "could Russia recover with President Yeltsin?" sort of ironic..even if all those poor Russians had received their backpay now it would have been worthless also it seems all the "known news" that has been going on for a few years is all of a sudden making headlines.. how long has Japan been stuck in the mire..the "accident" appeared to have happened a long time ago.. our low interest rates(those poorer people on fixed income and social security etc),our strong domestic economy,still no signs of recession here,the federal government having a bullet to their head re people having their retirement funds in the market and the opposite effects of el nino suggest strongly this is just a clean out correction and what better time when so many people are on vacation.. I would guess that derivatives have become so complex..and convoluted that gold should start sparkling as countries might think twenty times about pegging their currency to the US dollar.. it just looks like the bubble is in long term bonds now..next? go commodities! (if Russia didn't have their gigantic stock of oil etc which I guess the Mafia couldn't get out of country because of lack of infrastructure..Mafia not so smart..if they had patience and had put their plunder in infrastructure..down the road they could have stolen so very much more) If the US starts spending more on defense again..what will that do their budget surplus besides their horrendus debt(as baby boomers are marching towards retirement)..