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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: russet who wrote (46097)	12/17/1999 5:01:00 PM
From: long-gone	Read Replies (1) of 116836

No, I too agree all would be better if the Central banks now had no gold. Truth is, we do not know if the Central Banks do, or do not currently hold gold. We also do not know how much is held by the bullion banks in support of thei gold loans. What I believe is, we must have a fuill inventory and audir of all US gold reserves. As we have banking agreements with other Central Banks, those should also undergo a like inventory & audit at the same time. These audits have been requested for over 40 years now. As some of the bullion banks are Federally Insured, they should be audited also. If someone is swimming naked with the help of the US tax payer, we can demand knowledge of these actions. Now, there has been something "funny" that has gone on between GS & the BOE. As the banking arm of GS is Federally Insured, is it anywhere near correct they should operate their bets with knowledge not available to all investors? A more open market. Free of manipulation. That is what is needed.

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