GOLD-XAU Message Board - Msg: 3064539

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Gold/Mining/Energy : GOLD-XAU

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To: philv who wrote (924)	12/31/1997 1:31:00 AM
From: IngotWeTrust	Read Replies (3) of 1756

philv sez: They CB's are said to favour a low price, but why would they want their own holdings devalued? I don't believe I've ever been foolish enough to state CB's have had their own gold holdings devalued... How could they do that when they are under-reported values on the asset sheets of CB's anyhow... Or has this thread forgotten how many CB's have marked their gold "to market" in order to inflate their EMU qualifying balance sheet? I believe it started w/the Italians, then they... I am guilty of believing the BIS holdings are valued at $208 per oz. Do you know anyone who can answer what our own FRB values our Knox gold value per oz as? Or how about those gleeming Swisse Francs? Or our neighbors to the north? At least the Aussies "sold" theirs, supposedly, and announced it after the fact...now they know what its value is...(grin) Reminds me of one of our early astronauts who snuck on board 12 US postage stamps. He went to insure them after he got home, and the value couldn't be determined, acc'd to the underwriting dept...until he actually sold one of them.... keep working on it, Philv...you've got the makin's of a real gold bug, honest(grin) O/49r

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