Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Eldon Slife who wrote (8661)	12/12/1997 12:21:00 AM
From: Feline	Read Replies (1) of 10482

I agree when it comes to $'s don't trust the gov't. I read a document authored by Dale Henderson from the Federal Reserve Board. (June 97) According to it the USA has not sold any gold since 1979 when it sold 11.8 million ounces. The other main sellers since 1974 have been The IMF, Canada, The Netherlands and Belgium. Since June of 97 Austrailia and Argentina have sold, which have been reported. Other small nations have also sold some but this amounts to only 12% of total sales since 1974. Total sales prior to June 97 have amounted to 71.3 million ounces. This is a very small fraction of the CB reserves (1107 million ounces). It's the lending that counts, not the selling. If it is such a relic why hasn't the USA sold it all?

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