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To: Zardoz who wrote (34575)	5/27/1999 2:27:00 PM
From: Ahda	Respond to of 116770

Point is, Britain is over weighted into the service sector. And any slowdown is multiplied as in a feed back system. Britains problem has been around for years, long before 80s when I lived there. And are less likely to geet better soon. Warning for US? This premise (that you seem to support) that countries are better off without gold is not sound. Countries that have sold their gold have been the ones in trouble and the ones that have seen their currencies hurt. It is already happening in the UK - 2 weeks after they announced their gold sales." Agree it i gold that they hope will at least be a solid object instead of additional currency added to the market and with each sucessive add a greater possibility of devaluation.

To: Zardoz who wrote (34575)	5/27/1999 2:29:00 PM
From: The Barracuda™	Read Replies (1) \| Respond to of 116770

Tomorrows newspaper headline EU to support to ECU announces plans to buy gold in the open market. When asked how much gold the EU plans to buy the EU spokesman said, “it depends upon price, the higher the price the less the EU will have to buy.” “The EU therefore hopes that all central bank sales of gold will cease so that high gold prices will occur quickly and without extensive sales of our foreign reserves.” -g-