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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (80654)	5/13/2000 3:29:00 PM
From: Don Lloyd	Respond to of 132070

Wayne - news.excite.com "Storing Old Coins in Empty Missile Silos? Updated 8:50 AM ET May 11, 2000 BERLIN (Reuters) - Germany may store redundant pfennig coins in disused underground missile silos to avoid depressing copper prices when euro coins come in January 2002, a senior Bundesbank official said Tuesday. "We are a bit worried about the copper price. If all the coins were offered to scrap metal dealers at the same time then the copper price would fall," Bundesbank council member Klaus-Dieter Kuehbacher told a news conference. Kuehbacher said Germany was seriously considering storing the coins up to 12 meters underground in empty missile silos previously used by the U.S. military during the Cold War. "One could fill up the silos and when the copper price allows sell them off, silo by silo," he said." More market manipulation, Germany's strategic copper reserve? -g- Regards, Don