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 (6117)	5/28/1999 12:03:00 PM
From: m.philli	Read Replies (2) of 80990

I have a few questions I would appreciate being cleared up for me if anyone cares to. Are George Bush and Brian Mulroney still on the Board of Directors of Barrick Gold? Who do they represent on the board, a major shareholder? Why would they be interested in sitting on the board of a company in a "dieing industry"? Is there a relationship between their joining the board and Barricks hedging program? What happened to the idea of Asia creating its own regional currency? Was it just thrown out and forgotten forever because U.S. didn't care for it? If it is not forgotten, but is moving forward as a viable idea, how much gold would they require to give it the stability required? How much gold has been freed up by producer forward selling, C.B. selling and loaning out of C.B. GOLD? Are there any similarities in these numbers? Would the creation of a regional currency with gold backing, followed by a large increase in the price of gold have a wealth effect in the Asian economies, bringing money home , making Asia more self sustaining, less dependant on exports to the U.S. consumer who will be tapped out soon anyway? The Asian internal market is big enough without the U.S. it just needs the creation of wealth to get it pumping. Could gold somehow act as the primer? If a regional Asian currency is a go, somewhere down the line, and a large volume of gold would be required as backing to bring it in line with the dollar and euro, would not the knowledge and assistance of the CBs be required? Would the assistance of at least one of the largest gold companies also be required to accomplish this? Is this "big picture" important enough to have all these entities go along. Will Barricks reward be the chance to buy back all their forward sales. How much gold will this require? How about bidding on the Bank of England sale, that should be a start? (just wondering,is any of this possible)

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