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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (6151)	6/1/1999 10:55:00 AM
From: m.philli	Read Replies (1) \| Respond to of 81023

Hi Doug, ya, that's the BIG question isn't, who would buy their goods? Lets just think together and follow this through, to see who would be in a financial position to be the buyers. First as you said they are big savers. I wonder what medium they would put their savings in, their own banks, their own stock market? As long as those savings didn't leave the region and go overseas, and didn't remain under their pillows, wouldn't they eventually end up as credit in the hands of consumers or in the hands of business for expansion purposes and increased employment? What do ya think? I suppose anyone who had a portfolio of 5-10% gold when the gold/ U.S.dollar re-adjustment took place would end up okay. The gold mining companies would go nuts,lots of exploration money into the poorer nations, Indonesia,Philipinnes, South America,Russia so you'd think that an expansion of mining in these countries and increasing tax revenues from gold production would help their bottom line. South Africa would be okay. The Vatican , the Saudis and other major gold holders would have the means of converting gold holdings into Asian dollars and investment in the region. What do you think their plan is now in the event of America no longer being able to support the world through imports? On a lighter note, you'd think a country who could manage to obtain U.S. restricted missile technology, could obtain the recipe for "coke" and launch their own business, rather than letting coke set up with some of the earnings obtained leaving the country.What percentage of the profits on a bottle of coke end up in American hands? Any of this sound right?-mike