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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (510)9/29/1999 10:50:00 PM
From: cary garner  Read Replies (1) | Respond to of 48092
 
to all: what does this mean?

London--Sep 29--A representative of the Central Bank of Russia said the bank may
place 7.3 million ounces of its gold with western banks, enabling it to be lent
to the market. Because of the current 5% export tax on precious metals, it was
not profitable for the bank to sell gold outright, but lending it was possible,
depending on the interest rates offered by the banks concerned, he said. By
Gavin Maguire and Sergei Padalko, Bridge News, Stories .16303,

seems the western CBs need real gold. could there be any connection between this move by russia and some possible imf and world bank loans?