To:John Barendrecht who wrote (198) From: Gary Friday, Jul 4, 1997 2:28 AM Respond to of 79916
To All: Gold as a % of total reserves at June 1996:
United States 57% France 55% Switzerland 50% Germany 29% Netherlands 28% Belgium 25% United Kingdom 15% Canada 6.5% China * 5.6% Japan * 4.4% India 20% Taiwan* 3.8% Brazil * 4.5% Ireland * 2.3% Malaysia * 4% Mexico * 1% South Korea * .4% New Zeland * O
* These countries have not shown any propensity to buy gold of late , but one can certainly say that the potential for purchases around the world in coming years is higher than for sales.
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