Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robnhood who wrote (7951)	2/28/1998 10:06:00 AM
From: Ron Everest	Read Replies (1) of 116764

FINANCIAL NEWS (G&M Summary 2-28-98) globeandmail.ca Mulroney trying to sell banks on gold Former prime minister Brian Mulroney and former Bank of Canada governor John Crow are lobbying for the world's biggest gold producers in a campaign to stop central banks from dumping their gold holdings. Using Mr. Mulroney's political connections and Mr. Crow's entree into the exclusive club of central bankers, the two promoted the gold producers' views in private meetings this month with German Bundesbank president Hans Tietmeyer and Bank of France governor Jean-Claude Trichet. A spokesman for Toronto-based Barrick Gold Corp. confirmed that the two men are working on behalf of the company and other members of the London-based World Gold Council, which is in the midst of a $3-million (U.S.) lobbying campaign. The council represents the world's major gold companies. The unprecedented campaign is taking place against the background of a major slump in the price of gold to just under $300 an ounce from a high in recent years of $417 in February of 1996.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next