SI
SI
discoversearch

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: pater tenebrarum who wrote (56248)7/14/2000 1:11:12 PM
From: Rarebird  Read Replies (1) | Respond to of 116837
 
I think it's possible that the BOE had leased out much of its gold reserves at the time and was in danger of not getting their gold back. That is why they publicly announced on May 7, 1999, that they were selling their gold via auctions.

I don't think the BOE was dumb or stupid. I think the BOE had much more to lose if the POG continued to rally at the time.



To: pater tenebrarum who wrote (56248)7/14/2000 3:34:38 PM
From: Enigma  Read Replies (1) | Respond to of 116837
 
I'm sure it is the latter - not the B of E officials but the politicians who insist on this farcical method of operation.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News