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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.80+0.9%Nov 19 4:00 PM EST

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To: long-gone who wrote (34264)5/20/1999 1:33:00 PM
From: John Hunt  Read Replies (3) of 116763
 
Check out Greenspan's Comment in the followup

<< Federal Reserve Chairman Alan Greenspan noted that the issue of U.S. gold sales had been debated in 1976 and the authorities had decided not to sell.

''The reason is that gold still represents the ultimate form of payment in the world,'' he said. ''Gold is always accepted ... and is perceived to be an element of stability in the currency and in the ultimate value of a currency.'' >>

biz.yahoo.com

VERY interesting development!

:-))

John
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