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To: Zeev Hed who wrote (17207)12/3/1998 3:26:00 PM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
Gold Demand of China, India & the Arabs

gold-eagle.com

<< Contemplate the enormity of the following. There are 1.2 billion Chinese, 1.0 billion Indians and 1.1 billion Arabs in the world. That represents nearly 60% of the world's population. Your response might be, "SO WHAT?!" …Well, here's the WHAT!

60% of the globe's populous has a deep ingrained affinity to gold. To determine the origins of gold's emotional attraction, one need study the antiquity of all three cultures -- which is NOT the purpose of this report. Suffice it to say the shiny yellow has always played a cardinal role in the lives of all the inhabitants of China, India and the Muslim countries.

This unique cultural trait assumes great significance in relation to recent studies and events on this particular subject. ... cont'd ... >>

#reply-6666397

<< "The European Central Bank has declared that any future sales of gold by individual central banks must be approved by the ECB", observes Adrian Day's Investment Analyst. "The ECB is dominated by strongly pro-gold members: France, Germany, and Italy. We don't expect them to approve large, uncoordinated gold sales in the future. >>

Hi Zeev,

Probably won't change your mind, but what the heck. < g >

John