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Gold/Mining/Energy : Gold Price Monitor
GDXJ 92.99+2.9%4:00 PM EST

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To: John Barendrecht who wrote (475)7/11/1997 11:48:00 PM
From: paul ross   of 116753
 
There was an interesting interview on CNBC this afternoon with Jimmie Rodgers about gold. Rodgers, though bearish on gold still feels that world wide inflation is imminent. Following is some of the statistics that were presented in the interview.

TOP 5 CENTRAL BANK HOLDERS of GOLD
(millions of troy ounces)

1. US 261.8
2. Germany 95.2
3. Switzer. 83.3
4. France 81.9
5. Italy 66.7


INTERNAL INSTITUTIONS
(mills. of troy oun.)

total central bank holdings 903.6
Intern. Monetary Fund 103.4
European Monetary Institute 89.7
___________
1096.7 total

TOP 6 GOLD PRODUCING COUNTRIES
(mil. of troy ounces)

1996 1999 (est.)


1. So. Africa 15.9 14.6
2. USA 10.6 12.7
3. Australia 9.3 7.5
4. CIS 7.2 7.5
5. Canada 5.3 5.8
6. China 4.7 6.0

total world product. 74.6 83.1

TOTAL WORLDWIDE GOLD INVENTORY
4.02 billion troy ounces

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