Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Alex who wrote (22832)	4/6/2005 5:06:30 PM
From: sea_urchin	Read Replies (1) of 81394

Alex > no catastrophe is anticipated in the coming six to nine months. So I am not yet totally pessimistic That's the way I feel. And in six to nine minths there'll be another story. Meanwhile the dollar denominated assets will continue to accumulate in Asian countries. As a gold enthusiast, this should please you -- english.aljazeera.net >> US to block IMF gold sale IMF gold reserves are worth $45 billion at current prices The movement to sell a portion of IMF gold reserves to finance debt relief for poor nations has hit a roadblock after a key US lawmaker said Congress and the Bush administration will block any such move. Jim Saxton, chairman of the Joint Economic Committee of Congress, said on Tuesday the potential profits on IMF gold sales "rightfully belong to the original donor countries and their taxpayers". "Thus, these IMF gold sales would amount to a hidden appropriation from the donor countries that were the original source of the gold." <<

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