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To: s.pecunius who wrote (152209)	2/19/2002 3:40:55 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Thanks...how is the ECB situated for gold reserves? Are they just leaving it up to the individual nations CB'S? If so, that may represent a potential source of demand if things get hairy....

To: s.pecunius who wrote (152209)	2/19/2002 3:48:57 PM
From: Ken98	Read Replies (1) \| Respond to of 436258

You don't figure they're worried about getting paid back all of that gold they loaned out at $275 do you? They're just talking their book - at some point though (hopefully sooner than later) the market will flip them the bird and then we're off to the races.

To: s.pecunius who wrote (152209)	2/19/2002 3:56:14 PM
From: Horgad	Read Replies (2) \| Respond to of 436258

Let me see if I get this right. Japan has 10.4 trillion in private savings and Germany has 22 billion in gold reserves at current prices. So Germany might sell a fraction of its bullion that is currently worth about .2% of Japan's private savings. No doubt about it...gold is a sell here. Time to load up on some fiat. I hear that there are some bargains in Argentina. Post on Japan: Message 17080318