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

To: Hawkmoon who wrote (54002)	6/9/2000 2:05:00 PM
From: long-gone	Respond to of 116764

<<I also believe the IMF gold is valued this way as well.>> It is now marked to market. Remember the convoluted buy sell transactions?

To: Hawkmoon who wrote (54002)	6/9/2000 3:28:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 116764

> Don't forget that the US still values its gold reserves at, I believe, $42/ounce, their average price when acquired. Actually, marked up by public laws to those "book" values; Par Value Modification Act, PL 92-268, 3/31/72, $ 38.00 effective 05/08/72 Par Value Modification Act, PL 93-110, 9/21/73, $ 42.22 effective 10/18/73. goldsheet.simplenet.com > I also believe the IMF gold is valued this way as well. One interesting point, shown at my URL above, is between 1947 and 1959 the US paid their subscription to the IMF in gold. The total was $US2.332 billion, which at $35 would have been 66 million ounces of gold given away ! > I saw a report yesterday on US reserves increasing and they broke down the value of US gold reserves to the tune of $10 billion, which makes sense using a $42/ounce price. Every week in Barrons one can see this number reported in the Federal Reservse statistics. I'm sure it can also be found on the Federal Reserve Banks sites, although I don't have a URL.