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To: Fyscat
Oil rich Middle Eastern investors reportedly tend to buy Japanese bonds and euro instead of US bonds

An anonymous investment expert revealed that Middle Eastern countries are redirecting their money away from the dollar, preferring to buy the Euro and treasury bonds instead. This trend, which began several months ago, was triggered by the steady depreciation of the dollar.

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18 posted on 12/01/2004 12:35:09 PM PST by all4one (My thoughts and prayers are with our soldiers.....and their families)
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To: all4one

They also increased their gold purchases by 25%. Keep in mind Russia just increased thier gold reserves by 5.5 billion in one week just before they announced possible restructure of us dollar reserves.


29 posted on 12/01/2004 1:07:11 PM PST by Fyscat
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