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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (3261)2/1/1999 8:34:00 AM
From: chevalier  Read Replies (1) of 81023
 
Thought this might interest you:

Placer Dome Inc -

Globe says Barrick, Placer lobby to restore
gold's value

Placer Dome Inc
PDG
Shares issued 250,024,014
1999-01-29 close $16.9
Monday Feb 1 1999
See Barrick Gold Corp (ABX) In the News
The Globe and Mail reports in its Monday, Feb. 1, 1999 edition that a key
member of the European Central Bank, Sirkka Hamalainen, says she sees a
declining role for gold in the reserves of the world's central banks, but adds that
Europe's central banks have no plans to unload the yellow metal soon. The
Globe's Alan Freeman writes Ms. Hamalainen says gold no longer provides "a
guarantee of low inflation or stable monetary policy any more." But she very
clearly says the ECB and the national central banks in the 11 European Union
countries that have adopted the euro have no interest in dumping their bullion on
the market, for fear of hurting the price. Gold producers, led by South Africa's
AngloGold and by Canadian companies including Barrick Gold and Placer Dome,
have lobbied to restore gold's value as an essential part of central bank reserves.
Europe has been a particular concern because the 11 central banks in the euro
zone hold about 40 per cent of all the gold reserves in the world's central banks.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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