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To: banco$ who wrote (21492)	10/13/1998 4:22:00 PM
From: goldsnow	Respond to of 116752

The other incentive is a failure of Viagra :) Pfizer (would be safe-haven) just came-up with dismal earnings.....Will shall see where they would hide now and for how long.....Albeit INTC may give them breathing room for month or so....

To: banco$ who wrote (21492)	10/13/1998 6:00:00 PM
From: goldsnow	Respond to of 116752

INTERVIEW-Asian gold demand seen soaring 10:34 p.m. Oct 12, 1998 Eastern By Nick Edwards SINGAPORE, Oct 13 (Reuters) - Gold demand in Asia could soar as countries hit by the region's economic turmoil begin to build stocks and look to the yellow metal as a new financial benchmark, a World Gold Council executive said on Tuesday. ''I think there is a significant opportunity for demand to build gold stocks in Asia,'' Robert Pringle, an executive with the World Gold Council's Centre of Public Policy Studies, told Reuters. ''More and more, as countries analyse this crisis, they will reassess the role of gold,'' Pringle said on the fringes of the East Asia Economic Summit, a conference organised by the Geneva-based World Economic Forum. ''I think there is a search on for a new sort of economic anchor,'' he said. ''At least some thought should be given to how we can use gold in the monetary system'' to help solve the crisis. Gold could be added to the baskets of currencies and assets that some countries use to calculate exchange rates. Others, desperate to rebuild international reserves depleted by defending their battered currencies, could build stocks to use as collateral for loans and international finance, he said. ''A lot of central banks are reassessing their reserve management policies. Quite a few are coming to the conclusion that there should be an element of gold in there,'' Pringle said. ''I don't think there are any chances of returning to an international gold standard, but that doesn't mean that people should ignore gold,'' Pringle added. He said gold had held its value despite the crisis. ''In countries where the stock markets have collapsed, gold is still a great store of value,'' he said. In Thailand, figures from the Gold Council, which promotes the use of the metal, showed gold's price jumping 32.9 percent in local currency terms compared to a stock market fall of 41.9 percent since the start of the crisis in July last year. South Korea had similar statistics with a 40.6 percent rise in the price of gold compared to a stock market fall of 48.3 percent. ''And with interest rates coming down around the world, gold compares very favourably,'' Pringle aid. -- Singapore Newsroom (65) 870-3011; Fax (65) 776-8112 -- Email: singapore.newsroom+reuters.com Copyright 1998 Reuters Limited.