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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.68+5.0%Nov 10 4:00 PM EST

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To: long-gone who wrote (77603)9/28/2001 6:26:34 AM
From: E. Charters  Read Replies (1) of 116753
 
Here is a more authoritative view of this issue. As you can see, it is only a discussion amongst people about the possibility of doing this sort of thing. There are no planned sales. It would require constitutional change as the article points out and this is not planned nor likely to happen. Even this article is slightly suspect as the SNB is not a government bank, it is private. The Swiss have no federal reserve, or gov't bank as in the Bank of Canada. The SNB is national only in name as, the Royal Bank is not really "Royal" in Canada. What the article really means is that the some Swiss, not the gov't want to back the franc less with gold. This won't happen either.

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