[nw_arizona_granny]

Thank you for the links.

Diamonds for OBL, does not surprise me at all.

I wish that Sean still checked in, would love to have his opinion on the bank run in Russia.

It appears that it isn't the first one.

The fine communist way, " if we want what you have, we will take it".

This time it is half the banks and an oil company, or so it appears.

[Honestly]

I'm not sure how this relates to the run on Russian banks, or if it poses a threat, but if anyone knows, please explain:

Gold and currency reserves hit record high

RBC, 08.07.2004, Moscow 14:01:54.The gold and currency reserves of the Russian Central Bank amounted to $88.3bn as of July 2, 2004. Thus, the gold and currency reserves grew $400m over the past five business days. The gold and currency reserves of the Russian Central Bank show an increase for a seventh straight week. Over these seven weeks, the reserves added $5.6bn. The reason for the higher pace of growth in the gold and currency reserves of the Russian Central Bank is the Central Banks' buying dollars on the domestic market. The Russian Central Bank buys dollars not only on the MICEX exchange but directly from first-tier banks which serve exporters.

Thus, the gold and currency reserves of the Russian Central Bank have hit their record high since the Central Bank began keeping records of its reserves. However, this record high is $300m higher than the level of February 13, 2004. The gold and currency reserves have come closer to the February level.
http://www.rbcnews.com/free/20040708140154.shtml

[jerseygirl]

Sometimes you can find Sean on "The Final Phase" forum