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To: IngotWeTrust who wrote (9260)	4/3/1998 4:55:00 PM
From: Abner Hosmer	Respond to of 116762

Boy, you got me now, 049'er. From the US via Bretton Woods, prior to the closing of the gold window by Nixon?

To: IngotWeTrust who wrote (9260)	4/3/1998 5:02:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116762

geez, you're not suggesting that the Euro is going to be redeemable for a set amount of gold, are you?

To: IngotWeTrust who wrote (9260)	4/3/1998 6:16:00 PM
From: paul ross	Respond to of 116762

How about FDR? Is this symbolic of the Europe/BIS vs. USA/IMF power play? Europe to regain preeminence through upward evaluation of gold and downward evaluation of the dollar? How about a multiple choice question next time?<G> PR

To: IngotWeTrust who wrote (9260)	4/3/1998 6:20:00 PM
From: Quickdraw	Read Replies (1) \| Respond to of 116762

Aw, now you dragged me in ... is this of any relevance? switzerland.isyours.com

To: IngotWeTrust who wrote (9260)	4/3/1998 7:08:00 PM
From: Alex	Respond to of 116762

ole 49r; leave it with us for a spell. (eom)

To: IngotWeTrust who wrote (9260)	4/4/1998 12:24:00 AM
From: Bucky Katt	Read Replies (2) \| Respond to of 116762

49r--The answer I believe you are looking for has to do with R.M. Nixon closing the gold window. Both France and Germany had a huge off-take of reserves from the U.S. It seems at the time they were not so thrilled with U.S. paper, and wanted metal, tons and tons of shiny gold metal. Something had to break, and it was the gold standard, thus chaining the world to unlimited currency creation, which in itself is not so bad, if you know how to play it.

To: IngotWeTrust who wrote (9260)	4/4/1998 2:20:00 PM
From: Eashoa' M'sheekha	Respond to of 116762

Swiss angry over U.S. lawsuit threats.(Hmmmmmmmmmmmmmm) Copyright c 1998 Nando.net Copyright c 1998 The Associated Press Official list of the dormant Swiss bank accounts GENEVA (April 3, 1998 5:49 p.m. Switzerland's president on Friday condemned an American attorney's plans for a class-action suit targeting the Swiss National Bank for accepting Nazi gold taken from victims of the Holocaust. The central bank also vowed to fight any such litigation. "I'm getting angry," President Flavio Cotti told Swiss television. "These threats are unjustified and counterproductive." The Zurich-based central bank said Friday that a suit against it "would lack any legal basis whatsoever." Michael Hausfeld, a lawyer for Holocaust victims and heirs in a multibillion dollar suit filed in New York against Swiss commercial banks, confirmed Swiss media reports that he is planning a new class-action suit. However, he told The Associated Press in Washington that he is still looking into jurisdictional matters and building his case against Swiss financial institutions that dealt in Nazi gold. The Swiss central bank was the main recipient of Nazi gold during World War II. "The issue of complicity of Swiss financial institutions with Nazi Germany is not complete without an inclusion of the Swiss National Bank," Hausfeld said. "This (class action) is not a surprise." He noted that as recently as Thursday, the Swiss National Bank admitted for the first time they held some Holocaust-era private accounts. The bank said then it found eight such dormant accounts containing $10,300 during last year's search for assets unclaimed since 1945. "The bank says it is now known that gold from concentration camps was mixed in with monetary gold," Hausfeld said. "They accepted this, although they said there's nothing to indicate BNS was aware at the time. We have information to contradict that." He said archive information and statements supports his claim, but refused to reveal details. Hausfeld said he has not yet decided where to file the new suit, though Swiss media have said it would be in California. The Swiss National Bank has acknowledged that much of the gold it bought from Nazi Germany during World War II was looted from the central banks of occupied countries. But it says it reached a complete settlement in a post-war treaty with Britain, France and the United States. In its statement, the bank said it would use all means at its disposal to fight any suit and said "an out-of-court settlement is out of the question for us." Under the Washington accord of 1946, Switzerland paid the Allies 250 million Swiss francs -- equal to $58 million at January 1946 conversion rates -- toward European reconstruction. In return, the Allies waived all other gold-related claims against Switzerland. The World Jewish Congress issued a report in October 1997 asserting that the Nazis stole at least $850 million in gold -- worth $8.5 billion today -- from countries and individuals between 1933 and 1945. The WJC report said $375 million found its way to Switzerland. A government-appointed panel of Swiss and international historians reported last year that the central bank had received 1.7 billion Swiss francs, then $389 million, in gold from Germany.