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

To: John Barendrecht who wrote (4966)	12/31/1997 12:43:00 AM
From: Bob Tate	Read Replies (2) \| Respond to of 116764

I had a chance to speak with chap who underwrites assets for IMF and knows directors of International Monetary Fund. He described them as solid people. It appears they have definite plans to exert their influence to all borrowers to force them to comply with IMF regulations. IMF influence is increasing world-wide with more countries borrowing from this organization. As far as gold is concerned IMF is a proponent in de-coupling gold from all currencies and make it as industrial metal only. He predicted gold to go much lower. Personaly I do not think the nails will ever be made from gold.