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

To: Jarrod W. Pakosh who wrote (37598)	7/22/1999 8:04:00 PM
From: banco$	Respond to of 116788

Thanks for the Fin. Post link.

To: Jarrod W. Pakosh who wrote (37598)	7/22/1999 8:34:00 PM
From: banco$	Read Replies (1) \| Respond to of 116788

Collateral damage to World Bank efforts, caused by gold sales, is an interesting perspective, especially given the Bank's interrelationship with IMF-type organizations. "The IMF and its sister institution, the World Bank, know full well the importance of gold mining to the future of the affected countries. Indeed, the World Bank's investment banking arm, the International Finance Corp., has been a major investor in many of the proposed mines that are now under threat from the collapsing gold price. So the sales undermine the World Bank's development efforts. If one is to break with 54 years of tradition and practice by selling the IMF's gold, why choose to break precedent over an issue where the targeted beneficiaries are so obviously damaged by this very departure?" (Financial Post, Opinion page)