Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (5816)	5/4/1999 8:51:00 PM
From: jgibbs	Read Replies (2) of 80903

Bill, Even though Peter Munk is accused of selling forward a lot of ABX's gold, this is what he had to say today, as reported over on the USA Gold Forum board: JimG <<<USAGOLD (5/4/99; 14:39:40MDT - Msg ID:5572) Peter Munk Blasts Hedge Funds and Central Banks for Undermining Gold Market In a Reuters report released in Toronto about an hour ago, Barrick Gold Corp. chairman Peter Munk blasted central banks and hedge funds "for undermining the value of gold." In a report that Reuters converted from an attack on central bank/hedge fund disinformation to an anti-gold propaganda piece, Munk condemned central banks for fostering "enormous negativism by "effectively exchanging hundreds of tons of gold in favor of interest-bearing U.S. dollar denominated securities." Munk also told reporters that hedge funds " 'out to make a buck' had exaggerated rumors and a general lack of information in the gold industry to profit from the downward spiral in bullion prices.">>>

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