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Gold/Mining/Energy : Gold Price Monitor
GDXJ 92.07-1.7%4:00 PM EST

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To: goldsnow who wrote (23327)11/23/1998 6:09:00 PM
From: Enigma  Read Replies (3) of 116741
 
Goldsnow - do you take it from this that the ECB will have 15 % of its reserves at cost or market? It makes a big difference. From a practical point of view it's easier to work from cost - because the market value fluctuates daily - whereas cost is fixed. So what I'd like to think is they will have 15% at cost but the reserves will be valued at market - so you think we can get any clarification on this? E
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