Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (510)	9/29/1999 10:50:00 PM
From: cary garner	Read Replies (1) of 48092

to all: what does this mean? London--Sep 29--A representative of the Central Bank of Russia said the bank may place 7.3 million ounces of its gold with western banks, enabling it to be lent to the market. Because of the current 5% export tax on precious metals, it was not profitable for the bank to sell gold outright, but lending it was possible, depending on the interest rates offered by the banks concerned, he said. By Gavin Maguire and Sergei Padalko, Bridge News, Stories .16303, seems the western CBs need real gold. could there be any connection between this move by russia and some possible imf and world bank loans?

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