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

To: Alex who wrote (8475)	3/18/1998 3:39:00 PM
From: Abner Hosmer	Read Replies (2) \| Respond to of 116767

Alex - I think that whole idea is way, way off. Seems to me that they are talking about foreign reserves only, and they are ultimately going to transfer only a fraction of that amount to the ECB. Looks to me like there is going to be plently of gold left around to sell.. 'In the third phase of EMU (economic and monetary union) the amount of external reserves* held will be five to six times higher than the amount which will be transferred to the European Central Bank* and one third of these external reserves will consist of gold,'' Verplaetse said.<<