Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bobby Yellin who wrote (38659)	8/9/1999 8:57:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116764

Russian gold and currency reserves rise 8 percent Source: ITAR-TASS News Wire MOSCOW, August 5 (Itar-Tass) -- Russia's gold and foreign currency reserves rose by 8.18 percent from 11.0 billion dollars to 11.9 billion dollars from July 23 to 30, 1999, according to official information received by Prime-Tass on Thursday from the Department of External and Public Relations of the Central Bank. As compared with the beginning of the year, when the reserves amounted to 12.2 billion dollars, their reduction amounted to 2.5 percent. The Central Bank's foreign currency assets are converted into US dollars according to the foreign currencies' cross-rate of exchange against the dollar. This is calculated on the basis of the official ruble rates against these currencies, established by the Central Bank and being in effect as of the date of consideration. Monetary gold is valued as much as 300 US dollars per troy ounce. PS No media mention of this yet? I wonder why?