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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (179)6/17/1998 2:40:00 PM
From: C Hudson  Read Replies (1) of 81101
 
Bill, I imagine you have heard of "ANOTHER". He is someone that wishes to remain anonymous and claims to be an insider in the gold markets. He started posting on Kitco but then moved over to the USA gold site. In his most recent writing, which is actually by a friend of his "Friend of Another" aka FOA, he speaks of the BIS as buying Gold. I have the post here. Could this be the central band buying gold and not the Japanese? If that were the case could you comment?

6/17/98 Friend of ANOTHER

Michael,

Another believes the BIS has actually entered the gold physical market. It was purchased through a Euro bank, not UBS and is continuing. It is not for the account of any country, but for BIS capital. They may announce this outright through the news services before he can write next week? My understanding is it was not for Japan! They were used as a diversion. For what purpose, I do not know? It could be they see the banks in Japan are about to fall under the capitol ratio rules as their market and economy takes a hit? The BIS may need the gold to cover any unpaid GF (gold Franc) reserve capitol due from BOJ? This is most likely the reason. Besides, during a crisis, it will be to late to patch up reserve ratios. If Asia falls before the Euro is in effect, Jan 1, it will take oil down with it in currency terms, along with an ensuing major reallocation of assets into gold.

This could get very intriguing!

FOA

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6/14/98 ANOTHER (THOUGHTS!)
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