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To: long-gone who wrote (55088)6/24/2000 2:39:00 PM
From: Hawkmoon  Read Replies (3) | Respond to of 116753
 
After the President & VP spoke about the selling of IMF gold reserves AG spoke out in a press conference(under question& answer) saying the gold reserves of the US should be kept that he suspected in the future fashion & opinion would swing back. (question & answer are not documented at the FRB web site).

Richard, how can AG oppose selling something that you clearly state doesn't exist, namely the US stockpile of gold?

Being the Fed Chairman, who is in a better position to know whether there is, or isn't, a US gold stockpile... you or Alan Greenspan??

I guess that Alan's comments about gold now resolves all of your conspiracy theories, doesn't it. You certainly can't claim that AG is part of the conspiracy that has alledgedly sold all of the US gold, while at the same displaying his views defending the continued holding of the gold stockpile.

Kind of makes you look like your talking out of both sides of your mouth, IMO.

Of course, I'm sure that you'll think of something that will alleviate your obvious cognitive dissonance on the matter.




To: long-gone who wrote (55088)6/24/2000 7:35:00 PM
From: goldsheet  Read Replies (1) | Respond to of 116753
 
I was reading an article on FASB 133 in Business Week and it seemed to indicate that only public hedges (options, futures, swaps) would get marked-to-market not customized forward contracts. Instead of getting better full disclosure it seems that companies might actually engage in forward contracts to hide postions. Thoughts ??