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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Bear who wrote (914)	12/27/1997 7:34:00 AM
From: philv	Respond to of 1756

Bear: You are correct. The USA does have 8,085 metric tonnes (apparently). (That I did check) The poster (Allen) applied a number (66.67) which is the re-valued POG related to 1000 Bbl oil for 1 troy ounce. So he was re-valuing gold to what he understood the "deal" would be to matche US$20/Bbl. I should not have mentioned this particular post in retrospect, as the numbers are hard to follow, and obviously confusing and therefore misleading. I was interested in the Saudi "stock-pile" number. You are right, it is definitely not the value of gold held today! Phil