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

To: Alex who wrote (23389)	11/25/1998 3:14:00 AM
From: Sergio R. Mejia	Read Replies (2) \| Respond to of 116752

Hi Alex: From Stocksite: Chinese Central Bank, Euro, and Gold. Also in the news, a "white paper" published by the Chinese Central Bank is recommending that the bank diversify its reserve holdings away from the dollar and into gold. Obviously that would be a big deal since the Chinese central bank only has about 3 percent of its assets in gold (20 years ago, it had about 95 percent of its assets in gold). Nobody seems to be focusing on the upcoming introduction of the Euro. In about 40 days the Euro will begin trading, likely taking a bid away from the dollar. The world is going to change pretty dramatically when this happens. It could undermine the dollar and it could be good for gold, we will have to see. In terms of something that is cheap, gold is not that expensive, especially when you compare it to the cost of its production. Silver is even cheaper.