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To: Crimson Ghost who wrote (56420)7/18/2000 10:45:06 AM
From: pater tenebrarum  Respond to of 116815
 
George, well, they have led the charge, and now their gold is basically gone. Canada has only 1,2m. oz. left. Australia has a piece of paper, which promises its remaining gold will one day be returned (fat chance). of course both countries are big gold producers, so they could reverse their positions quickly if need be.

it still is astonishing that they are all dumping gold in spite of there not being a need to do so. imo gold reserves amount to an insurance policy. to discard them is simply foolish.



To: Crimson Ghost who wrote (56420)7/18/2000 12:56:57 PM
From: LLCF  Respond to of 116815
 
<I do not think it is a coincidence that the English speaking counties are leading the charge against gold. Canada has sold almost all of its gold, Australia, a large proportion, and Britain is in the process of selling a large percentage. >

Canadian don't need gold... they'll just raise taxes! Ho, ho... man, can it get any more depressed up here?

DAK