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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

Jan 15 4:00 PM EST

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To: Alex who wrote (29210)	2/28/1999 11:42:00 PM
From: PaulM	Read Replies (3) of 116857

It seems central bank gold is no longer enough. The following quote from the article posted earlier gives a good indication of what will happen to those gold deposits. "The central bank's decision comes coincidentally with the arrival of Yashwant Sinha as the country's finance minister. During his earlier stint as finance minister of the Chandra Shekhar government in 1991, Sinha had mortgaged the country's reserves of confiscated gold to a Swiss bank to prevent a default on the external account." financialexpress.com A promise to pay gold is the same as gold. Right?

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