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

To: Mark Hutnick who wrote (3931)	12/7/1997 5:48:00 PM
From: Eashoa' M'sheekha	Respond to of 116814

The Way I Understand It Mark. Countries do not re-evaluate gold holdings on any regular basis,or where there have been significant price moves.I recall Germany talking about a re-evaluation,and it appeared to be something not often done, if ever.I'm sure these formulas are quite complex,so that's about all I can offer.Oh ya...Sweden also talked about similar re-evaluation if they get the go ahead to sell in the referendum.So it seems, to the larger holders at least,rising and falling prices are not influencing their holding positions.Gold is traded via paper in significant value each and every day.Between where and who,I have no clue.Ask Ole/49r on the Gold/XAU thread the same question.I'm sure you'll get a much better explaination. Regards Taurus

To: Mark Hutnick who wrote (3931)	12/7/1997 6:25:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116814

Martin, CB sales are nothing new. I recall reading a while back that the U.S. Federal Reserve did sell a substantial portion of its gold reserves in the 1970's, the decade leading up to the inflationary debacle of that time. Maybe, having been burned in the past, they won't venture to do it again. The more I read about the history of CB's in the last decades, the less importance I place on the current talk about "demonitization" of gold. Gold has been demonetized for decades almost everywhere except Switzerland. Gold is very undervalued, even demonetized. Re-monetization of gold (return to the gold standard) would imply astronomical prices, in the U.S. $5000-$6000 ounce range (which you can easily calculate by looking at total amount of currency in the world, in $, over and total amount of gold in the world, in ounces).