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: Robert J Mullenbach who wrote (51209)	4/7/2000 3:14:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116753

<Has anyone figure out where the money went from the Gold sales all the years. Is it still there.??? Invested in What. ??> Equities? Other currencies? Bonds?

To: Robert J Mullenbach who wrote (51209)	4/7/2000 8:40:00 AM
From: LLCF	Read Replies (1) \| Respond to of 116753

<Has anyone figure out where the money went from the Gold sales all the years. Is it still there.??? Invested in What. ??> Health care system for one... do we really need a list? DAK

To: Robert J Mullenbach who wrote (51209)	4/7/2000 12:42:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116753

> Has anyone figure out where the money went from the Gold sales all the years. In many cases it was probably done to improve the appearance of the central bank reserve accounts. The gold was on the books at $35 (or so), so selling made the books "look" better. Some European CBs may have done some rearrangements to meet various EU requirements. Reserves probably got invested in marketable government securities, relatively low return.