Tom, tis probably t'heaviest Au post I've ever made in over 20 yrs.
Listen up, okay...I'm deadly serious here:
USAGold's Commentary today contained this absolutely GONZO nugget in the Warburg Dir. of Foreign Exchange Yorke's quoted comments today:
"The whole EMU project is driven by law; the basis for any decision (ECB's gold backing of EU) must be the Maastricht Treaty."
Germany has 28.9% of the vote,
France 21.8%
Italy 20.3%
Thus, Germany and France together have a majority and will most likely make this decision in conjunction with Italy."
At least 10% of reserves (will be in gold) which appears to be mkt consensus, but the risks are on the upside, that is to say: it is more likely to be 30% than 0% of total reserves.
Why? Because Germany, France & Italy will effectively make the decision & they have the highest proportion of Au to total reserves of any European country." [CLOSE QUOTES]
As a student of history,
do you, Thomas Becker,
Paul Milcetic,
Bobby Yellin,
George Cole,
Richnorth,
Bobby Beara
etc.,
have a clue as to the import of this excerpt and why it is so chilling?
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