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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (69411)	5/18/2001 10:32:16 AM
From: Alex	Read Replies (1) \| Respond to of 116753

AngloGold's Godsell new World Gold Council chairman LONDON, May 18 (Reuters) - Bobby Godsell, chairman and chief executive of world number one gold mining company AngloGold was on Friday appointed chairman of the World Gold Council (WGC). At the WGC's annual meeting, members voted to appoint Godsell chairman in place of outgoing chairman John Willson of Canadian producer Placer Dome . The WGC is an association of gold mining companies worldwide devoted to the promotion of gold. It is funded by its members who make annual contributions proportionate to their output and this year doubled its budget to $55 million. Godsell, 48, assumed his position at AngloGold's helm in December last year and has been with the South African miner for 26 years. He has often said the bullion mining industry must modernise to lure back investors and this is a primary goal of the WGC. "The industry is going through very tough times. It is surrounded by negative perceptions -- from investors and its own community," he told Reuters. "The WGC has made a huge difference to the marketing of gold especially in Asia and India...I'm keen to bring the energy and trends around gold that you find in the East over to the West," he added. Godsell said one of his specific goals during the two-year term as chairman would be to continue a dialogue with international organisations such as the IMF to encourage them to allow countries to pay back debts in gold. "At the moment, the universal currency is the U.S. dollar, but that seems unfair because none of these countries makes U.S. dollars but they all make gold," he said. "I'm not calling for a return to the gold standard, but I'm saying gold does have a role to play as a store of value." Gold's price has been falling for the past 20 years and in Friday afternoon trade was quoted around $273 a troy ounce in Europe. South Africa's AngloGold, which has annual output of seven million ounces, has made acquisitions in the rest of Africa, Australia and the Americas, and Godsell has said the company would "participate vigorously" in a global industry consolidation. Copyright 2001 Reuters Limited. All rights reserved. newsalert.com

To: Claude Cormier who wrote (69411)	5/20/2001 1:18:40 AM
From: Graystone	Respond to of 116753

Saving money or Scotch Broth The Tale of Slick Oily Doyle is an old one and a sad one. You probably saved a lot more money than just your own, just by example. It is hard to say what process actually controls the movement of flocks of birds or shoals of fish. I suspect that the mechanism can only be understood by the class of metamind that is producing the motion, this seems more likely than leader fish. If there was a lead fish, like a lead buffalo, and you hooked it, you would catch a lot of fish.