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Gold/Mining/Energy : Gold Price Monitor
GDXJ 144.29-0.5%Jan 26 4:00 PM EST
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To: Zardoz who wrote (57321)8/14/2000 5:11:07 PM
From: Enigma  Read Replies (1) of 116925
 
How much gold is being bought by countries? Very little it appears. In my book the witholding of gold sales does not amount to a subsidy. In fact the Washington Agreement is IMO a negative for gold because it institutionalises the sale of net 400 tons per year - so if a country covered by the agreement buys 200 tons it would appear that it means that the 15 CBs have a licence to sell 600 tons.
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