Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: d:oug who wrote (56762)	7/27/2000 8:08:47 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 116818

Doug, you are confusing the WGC with Goldfields Mineral Services which is the organization challenged by GATA in Paris. the WGC has been an outspoken critic of the BoE gold auctions, and as such is imo in the camp of the gold supporters. actually the mission statement is pretty clear: gold.org this is the organization that was challenged to debate GATA in Paris: gfms.co.uk i don't doubt at this point that the information about Uruguay's gold is correct...it fits nicely with the similarly puzzling gold transfers from Kuwait and Jordan that preceded it. interestingly, GATA contends that the Uruguay gold must be of dubious origin...as no official reserves of this size were known before this transfer to London took place. draw your own conclusions about the owners of that gold...coming as it does from a nicely inconspicuous little South American country... the real question is why is this being done? as in the case of Kuwait, it is simply extremely hard to believe that current lease rates would be enticing a 55 ton gold transfer....it simply makes no economic sense. the shipping costs alone are probably eating up the potential profit. regards, hb