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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: MUDMAN who wrote (3702)	12/1/1997 1:15:00 PM
From: Jaakko	Read Replies (1) of 116815

If Swiss franc is backed 25% by gold and the POG keeps on falling, wouldn't they have to buy more gold to maintain that 25%??? Have they been buying all along?? If so, I can see that they are now getting tired of buying more gold as the price keeps on sinking and are questioning the wisdom of their own gold backing policy.

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