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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: goldsnow who wrote (35210)6/12/1999 12:37:00 AM
From: PaulM  Respond to of 116836
 
HM Government Gold Auction Information Memorandum

(you need acrobat)

bankofengland.co.uk

"Applicants whose bids are accepted will be alotted ounces of gold at the lowest accepted price."

"The Bank of England reserves the right to reject any and all bids, or parts of any bids for any reason...."

P.S. What do you think? Why do it this way? Is some money better than other money? And if the point was to ensure the "widest possible participation," as the UK claimed, why not just sell via an agent on the market--(you know, the one that happens to be located in the UK, the one the Bank of England happens to regulate)?