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Gold/Mining/Energy : CASH RICH junior resource companies

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To: Alan Whirlwind who wrote (87)2/19/2003 11:35:24 PM
From: Alan Whirlwind   of 93
 
worldnetdaily.com

What the Bank of Portugal revealed in its 2001 annual report is that 433 tonnes [metric tons] of gold – some 70 percent of its gold reserve – either have been lent or swapped into the market. According to Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), a nonprofit organization that researches and studies the gold market and reports its findings at www.LeMetropoleCafe.com: "This gold is gone – and it lends support to our years of research that the central banks do not have the 32,000 tonnes of gold in reserve that they claim. The big question is: How many other central banks are in the same predicament as the Portuguese?"
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