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

To: Hawkmoon who wrote (38475)	8/6/1999 11:28:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116764

Ron - I did mention your name - just in passing - with apologies to Gordon Lightfoot. You're splitting hairs re the US holdings - whether they're valued at $35/oz or $42/ounce - they're such a huge %age of total reserves (NB remember the word - RESERVES) - just think how much that means if valued at market. I said that MOST of the CBs who had sold, and garnered a lot of ink BTW, viz, Australia, Argentina, Canada over the years - were insignificant. The Dutch reserves are obviously very significant in their reserve picture - hence my assumption that the sales by them (and Belgium perhaps) were EU adjustment, and BTW the same claim is being made about the B of E sales. And the Europeans are unlikely to be making more sales. Gold is obviously a very important component of the Swiss picture still. In spite of all the evidence, you can't see that Gold is the most important reserve asset still. And being a reserve asset has no relationship to being convertible or the gold standard straw man that you keep putting up as a bogus issue. Now Ron - I have never thought of you in terms of the cult of personality!! Maybe your nearest and dearest might think of you as a personality? d