Merv - India (Govt) acquired a large stake in gold two years ago.  It appears 
both states believe(d) it represents good value. We hope it filters down to the 
interests of their citizenery.     eric.



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On another note, three weeks ago, the Canadian Govt offered to exchange its 
bank notes for gold. The Canadian Mint thought that people would perhaps 
exchange about $200 million in notes for gold. Well, they were wrong! 

The mint already has orders for gold that is the equivalent of 600 million 
dollars. 

Mervyn

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