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

To: IngotWeTrust who wrote (8514)	3/19/1998 1:26:00 AM
From: Abner Hosmer	Respond to of 116764

Ok 0'49er - Now you are holding out on me. I know everyone likes to keep a certain amount on hand for forex intervention, stabilization of exchange rates,etc. But if one were looking to convert into an interest-bearing asset, cash deposits would seem to be no-starter. So come on now, I know you are hanging around. Fill us in on the real scoop. I don't wan't to be misleading anyone by making unresearched statements. Lay the real deal on me, so's I can get this straightened out.

To: IngotWeTrust who wrote (8514)	3/19/1998 3:45:00 AM
From: Abner Hosmer	Respond to of 116764

0'49'er - I've spent several hours tonight trying to reach the National Bank of Belgium on the web. I have links to it from numerous sites, but none of them are any good. Information about the international reserves of the NBB is available as explicitly specified at the Dissemination Standards bulletin board of the IMF at the following URL: dsbb.imf.org However, it would appear that this information is available only by subscription: dsbb.imf.org Know anyone that subscribes?o] NBB says that the gold sales were made via foreign exchange arbitration. I take this to mean that they traded assets with other banks. We could start by browsing the foreign reserve assets of each nation, bank by bank. Let's start with the Hong Kong Monetary authority: info.gov.hk As you can see from examining the data, HK foriegn reserve assets have fallen by US$2.47 billion since the start of this year. >>BNB governor Alfons Verplaetse said the operation, revealed for the first time in the bank's weekly statement, had started in 1997 and was now concluded. ..the sale added 110 billion francs to its foreign exchange reserves.<< 110 billion Belgian francs = US$2.92 billion Coincidence, or.... Whatever you do, please don't tell ANOTHER, or he will fill the airwaves with ANOTHER 2 years of bullshit!!! Have you found an easier way of cracking this nut? Eagerly awaiting your response.