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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

4:00 PM EST

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To: Henry Volquardsen who wrote (16722)	8/27/1998 2:29:00 PM
From: William JH	Read Replies (1) of 116819

I don't know about the gold standard, but here's something from Kinross "Management Proxy Circular" dated April 23, l998: "The Russian Government requires all mineral licence holders to sell gold and silver produced in the Russian Federation to an agency of the Russian Government.........at the London fix price for gold and silver, less refining, transportation and insurance costs.....the purchase price is payable 50% in U.S. dollars and 50% in roubles. All the purchase price for silver is payable in roubles." Edited by me for brevity. Page 124, Management Proxy Circular of Kinross Gold Corporation.

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