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To: John Hunt who wrote (12665)	1/5/1998 6:22:00 AM
From: John Hunt	Read Replies (1) of 18056

Colin's Site - Interesting News on a Gold Delivery Default users.dircon.co.uk << Reuters News (Thursday January 1, 1:40 pm Eastern Time): "Consolidated Nevada Goldfields Corp ... has not made the scheduled principal payment of 2,611 troy ounces of gold due on December 31, 1997 to ING Capital Corp ... " A one-off, or an ominous sign of things to come? The latter, according to vronsky: Posted on the internet Sunday January 04 1998 12:50 (GMT) by Vronsky of Gold-Eagle: FIRST OF MANY GOLD LOAN DEFAULTS???!!! THIS IS MONUMENTAL NEWS! It is testament to the well-grounded suspicions of many experts that there will be many GOLD LOAN DEFAULTS, forcing Central Banks and large commercial banks to EAT the Gold Loans extended. >> Not quite the end of the world, as the value of this particular gold default is small. However, as the writer says, there could be more. John

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