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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: lorne who wrote (35482)	6/17/1999 11:58:00 AM
From: John Hunt	Read Replies (3) of 116770

OT - Psst ... Wanna buy 24 dump trucks full of loonies? << There's a quiet war raging between Canada's major banks and the Royal Canadian Mint, and it creates a spelling problem. It's built around a surplus of one-dollar coins, which could make it the loonie war. Nobody wants them, so that could make it the loony war. To give the problem proper size, Canada's five big banks are holding between them a surplus of $75 million in loonies. The way the system works, the coins are manufactured in Winnipeg and shipped to distribution centres across the country where banks buy them at face value. It's a service to customers, and there's no profit for the banks. That many loonies weigh 524 tonnes. Mint spokeswoman Diane Plouff-Reardon had the experts work it out. To get an idea of what that amount would look like, I asked for a professional opinion from trucking expert Lyle Steele at Drummonds Trucking. Picture big dump trucks with double rear axles. Each can carry about 20 tonnes ... more ... >> ottawacitizen.com Hi Lorne, Just thought this one might interest the Canadians on the thread. Now if they were gold, everyone would want them! John

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