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To: SliderOnTheBlack who wrote (90037)	4/15/2001 12:33:43 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Brazil/Australian CB Gold Sales (from Kitco) Brazil's gold reserves. (aspro) Apr 14, 22:53 Whenever I have some spare time I intend to try to dig in to various official documents to get some hard data on gold - you may have read some recent posts on the Australian Reserve Bank. Just dug out Brazil. Banco Central do Brazil Gold (including gold deposits and, if appropriate, gold swapped); volume 1998 Dec 9,234,000 troy ounces 1999 Dec 3,662,000 2000 Dec 2,118,000 2001 Feb 1,358,000 Footnote "includes available stocks of financial gold plus time deposits". ............ (a) So they had 287 tonnes in 1998, sold down to 65.9 tonnes by December last year, and then sold off another 23.7 tonnes in the next two months to February 2001; they had 42.2 tonnes left, equivalent to another two months selling at the recent rate - they should be out of gold by the end of this month! (b) Notice the words "financial gold" in the footnote. Some portion (possibly almost all, as in Australia) is paper gold - ie, gold leased out. ===================== @Pragmatic (aspro) Apr 14, 21:45 A read of the 2000 annual report from the Reserve Bank of Australia shows that they had gold reserves (end June 2000) of $A1,233 million (valued at that day's London fix); and that of that amount, $1,227 million worth was leased out, leaving $6 million physically present in their vaults. They also state that the gold is leased to "financial institution". If not bullion banks, then what? ======================================================================= Tic - Toc ~ PS: "Got Gold ?" - has now officially been replaced with: "Gold/Silver - How much have you got ?"

To: SliderOnTheBlack who wrote (90037)	4/15/2001 1:26:15 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Definitely and Thx. Everyone should already have part of their portfolio in the PM stocks. Although in a Bear Market, "Cash is King"... In a period of emerging stagflation the issue becomes: What is money? It sure is painfully clear that very few investors have a clue that there's life beyond the Dollar. Of the fraction of todays investors who were active during the 70s only a relative handful learned AND remember the lessons of that period. I guess all we can do is continue to post everything we can to try and help those willing and ABLE to learn.(g) Best regards, Iso