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

To: philv who wrote (999)	1/3/1998 1:24:00 AM
From: Richnorth	Read Replies (1) \| Respond to of 1756

I think the officials who were involved in leasing out up to 10% of the Bundesbank gold were motivated by out-and-out greed. Their reasons for leasing out the gold are specious (i.e., the reasons given seem genuine but are actually flawed). Rightly or wrongly, I get the impression that their reasoning went askew because they were blindsided by greed. As it is not easy for me to explain to you convincingly about the matter, I am taking the opportunity of posting the URL for Ted Butler's eloquent letter in which he implored Greenspan and Rubin to discourage, or put an end to, CBs lending and/or selling their gold. Though that letter is somewhat dated (April 1997) it is still relevant for our discussions. gold-eagle.com Regards, Richnorth