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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (39837)11/21/2000 6:50:06 PM
From: maceng2  Read Replies (1) of 436258
 
Heinz,

How interesting.

Re:-
Terry Smeeton, a former head of foreign exchange division of the Bank of England and currently a non-executive director of Standard Bank London Ltd. He believes that "the future will be a continuation of the present," are suspect and that it is unwise to think that economic conditions will remain benign.

"The ECB's 15% of gold in reserves is not a bad yardstick although my preference is 20%,"he told delegates at the Ninth City of London Central Banking conference…. END.

But, wait a moment, didn't I read that the BOE has been selling gold...at rock bottom prices?

How unusual. I wonder where they were getting their "advice" from.-g-

pearly.
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