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


To: Tom Byron who wrote (1049)1/7/1998 9:12:00 PM
From: IngotWeTrust  Read Replies (2) | Respond to of 1756
 
Hi, Tom, that is a terrific response...I'm copy/saving your post and its referral site!!!

BTW, you didn't comment on my first purchase of any an XAU components in over 3 years...kinda of surprised.

Here is a fundamental piece of rock solid info that certainly gave me cheer this evening when I read it:

excerpted from a goldsnow post on GPM thread posted there today:

...To this (NBB's current gold tonnage reserves of 480+tonnes) has to be added Belgian gold held by the European Monetary Institute, which shows up on the NBB's balance sheet in the form of Ecus.
European central banks participating in the European Monetary System lodge 20 percent of their gold and gross dollar reserves with the EMI, meaning if they cut back their national holdings of either they are eligible to receive back some of the amounts lodged with the EMI.
The NBB was one of the biggest central bank sellers of gold in 1996, offloading some 203 tonnes. Because it cut its gold holding this way, it received back some 40.6 tonnes of gold lodged with the EMI.


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Been ages since I felt like letting out a genuine patented O/49r YEEEEEEEeeehaw, but this excerpt certainly gets one of those from me!

Ole looking fer a gold rally fer sure soonly 49r!!!!