SI
SI
discoversearch

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.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (44944)1/19/2004 3:15:50 AM
From: maceng2  Respond to of 74559
 
Austria's Liebscher confident on new gold deal -FT
Sun January 18, 2004 07:11 PM ET

[why dont they just agree to sell the lot and have done with it . Ho Ho Ho ...pb]

reuters.com

LONDON, Jan 19 (Reuters) - Austrian central bank governor Klaus Liebscher is "very optimistic" that Europe's central banks can renew a five-year agreement that puts restrictions on how much gold they can sell, the Financial
Times reported.

"It is wise to renew the pact...and many of my colleagues see it that way," said Liebscher in an interview with the FT. The report added he was confident that a new deal would have been negotiated "by the spring."

The current five-year agreement among 15 European central banks limits total gold sales to 400 tonnes annually. It expires in September.

The agreement was designed to make government sales more predictable and restore market confidence after years of worry about central banks selling gold helped push gold prices to a 20-year low in August 1999.

Analysts told Reuters earlier this month that they expected the agreement to be renewed at a slightly higher level in the second quarter of 2004, and the FT said the new agreement could lift the limit to more than 450 tonnes.

Central banks such as the Bundesbank have indicated they would like to sell gold again under a new deal.

European Central Bank Governing Council member Nout Wellink told Reuters in October that the signatories of the agreement aimed to craft a new deal early in 2004.



To: E. Charters who wrote (44944)1/19/2004 3:18:45 AM
From: maceng2  Read Replies (1) | Respond to of 74559
 
Mahathir: 'Sell oil for gold, not dollars'

Sunday 18 January 2004, 16:45 Makka Time, 13:45 GMT


Mahathir said Saudi Arabia is being short-changed with the dollar

Former Malaysian Prime Minister Mahathir Muhammad has said Saudi Arabia should sell oil for gold, not dollars, to avoid being "short-changed" by a decline in the US currency.

"The price of oil is $33, but the US dollar has declined by 40% against the euro so you're effectively getting $20," Mahathir told an economic conference in Saudi Arabia's Red Sea city of Jeddah. "So you're being short-changed."

Saudi Arabia, the world's biggest oil exporter, has justified higher world oil prices by saying they are necessary to compensate for the slide in the US currency.

Mahathir, who retired last October, spent much of his time in office upsetting Western governments and defying their economic orthodoxies. But he became a respected spokesman in Muslim and developing states and received an ovation in Jeddah.

Dinars

He suggested countries tally their total annual imports and exports and settle the difference at the end of the year in "gold dinars".

"They (the WTO) try to impose their agenda without regard for some other countries"

Mahathir Muhammad,
Former Malaysian Prime Minister

Sounding a discordant note, Mahathir also warned Saudi Arabia against rushing to join the World Trade Organisation (WTO), saying it was not necessarily a positive move.

Saudi Trade Minister Hashim Yamani said on Saturday his country had narrowed differences with the United States that were holding up accession to the organisation and said he wanted to join "tomorrow".

"Everybody should be careful before joining the WTO because it is not all positive. It can be very negative if you don't handle it properly," Mahathir said. "They try to impose their agenda without regard for some other countries."

english.aljazeera.net



To: E. Charters who wrote (44944)1/19/2004 7:59:51 AM
From: smolejv@gmx.net  Read Replies (2) | Respond to of 74559
 
Emma Noether and Lise Meitner kicked in, but that's just the limited horizon of a plain-vanilla physicist (g). I have serious qualms about being qualified for the learnéd discussion;P

Missed Sophie Germain (of Sophie Germain Primes), Grace Hopper (wth, she gave us Cobol, if I remember right, and bugs and how to slow down your code), Mari Vencelj (she was good and sharp - my assistant math teacher the first two years at the university;) and on the physics side Maria Goeppert-Mayer (Nobel prize 1963), Eva Curie...

Fact there's lists on "women in ..." should in any case suffice. btw, do we need to prolong this? I am prolonging it OK, but with the moral "it takes more than just Google"

DJ