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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Abner Hosmer who wrote (9343)	4/4/1998 10:30:00 PM
From: Alex	Read Replies (1) of 116764

Tom; from a speech by German Chancellor Von Papen in 1932............... The former reserves of the Reichsbank are exhausted. The reserves in gold and foreign currency of which the Reichsbank can freely dispose are no more than 390 million marks for a fiduciary circulation of 3,800 million marks, which means that the legal cover for the currency circulating in the country, which should be 40 per cent, is now no more than about 10 per cent. If in the next few weeks we are to fulfil our obligations, this small cover will become even more insufficient. mtholyoke.edu

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