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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)
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To: Mr. L. Neufeldt who wrote (262)10/26/2000 9:15:57 PM
From: JUNIORSPECULATOR   of 350
 
With all the carnage in the markets, big time margin calls and the like of, you would like to think that people would flock to some sort of real value investments? IMHO. Is the financial world, governments, institutions finally getting to the point of demonitizing gold. It would appear that paper money is slowly becoming a thing of the past and gold is loosing it's place as a store of value. The Debit and Smart Cards are being indoctrinated into our society as much quicker pace than one would like to think. The medium of exchange will eventually be electronic transfers IMHO. How do we place value on a electrons that monitor our every purchasing transactions. Some thing to think about..good Dayyyyyyyy Ronald

The US House of Representatives approved Wednesday a foreign aid bill that would

permit the IMF to use its gold reserves to fund third world debt relief, in addition to the

$435 million of US taxpayer funds allocated to debt forgiveness in the bill. The overall

foreign aid bill's price tag is $14.9 billion. As a counter to criticisms that such funds are

often squandered or pilfered without bringing hope or aid to those truly in need, the bill

requires the US Treasury secretary or the GAO to monitor and certify that no fraud

takes place. The mechanism for the IMF gold sales may follow the institution's 1999

proposed revaluation (mark to market) from $47 per ounce to current prices, followed by

internal sales to IMF member governments.
Ronald (Macker the Hacker :-))
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