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

To: lorne who wrote (29768)3/12/1999 12:03:00 AM
From: PaulM  Respond to of 116764
 
Mr. Liu Shanen: "An increase in our country's gold reserve is necessary...if there are any problems with the dollar there will be an international catastrophe. Reducing reliance on the dollar and maintaining greater variety in foreign reserves is the only way to reduce that risk."

"He went on to comment that up until 1949 gold was approximately 50 percent of China's reserves and in 1973 it was 95 percent. But by the end of 1997 it was down to 2.6 percent"

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