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Gold/Mining/Energy : Euro Impact on Gold, USD ...
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To: banco$ who wrote (78)11/30/1998 11:38:00 PM
From: banco$   of 289
 
No consideration to sell excess gold reserves according to Bundesbank member.

Nov 30--Bundesbank council member Hans-Juergen Koebnick said today
that selling excess Bundesbank gold reserves after European Monetary Union next year was "no topic at all" for the German central bank. In other words, it was not on the agenda. In a Bridge News interview, Koebnick also did not expect other eurozone central banks to dump gold on the market. By Lita Olbrich, Bridge News, Story .10169
(from GPM post 23661)

France allayed fears of gold sales with similar statements a few months back. Further, member states need ECB approval to sell any gold reserves.
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