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

To: lorne who wrote (35461)	6/16/1999 6:10:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116764

Since the Tories are attacking the Govt over the pound I think they could be enlisted by GATA to attack the gold sales in a big way.

To: lorne who wrote (35461)	6/16/1999 6:15:00 PM
From: goldsnow	Respond to of 116764

Treasury minister Patricia Hewitt defended the sale, saying: "Gold has been a very poor investment over the last 20 years. "Other investments have offered capital gains or the reinvestment of substantial interest payments over that period. "We are not saying that gold will continue to be a poor investment...but none of us know." news.bbc.co.uk I suspect that this a very weak response, as undoubtedly the way BoE announced Gold sales was intended to hummer the POG...so this can't realy fly as an explanation or defence of the action