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

To: goldsnow who wrote (14262)	7/8/1998 8:58:00 PM
From: IngotWeTrust	Read Replies (3) \| Respond to of 116762

This still is what was said by Dussey himself: Today's reality: Reuters " The ECB would also have control over what the national central banks did with their remaining reserves he (Dussey) said - a ruling which in effect would prevent national central banks from taking a decision alone to sell off gold holdings". The ubiquitous "they" can re-tell it all they want and leave out whatever they want, but it is what the HEAD of the ECB says that I want to know and see quoted. All the rest is just dealers talking their short positions. O/49r

To: goldsnow who wrote (14262)	7/12/1998 5:12:00 PM
From: lorne	Read Replies (4) \| Respond to of 116762

Hi Goldsnow In your post of July 11/98 the ECB said that gold = money, any idea when is the last time a central bank said this. As to this statement in your post. >>Rhona O'Connell, precious metals analyst at brokers T. Hoare & Co, disagreed, saying the 15 percent chosen compared well with average holdings around the world. ''This is at the upper end of the previously stated range and exceeds the world average weighting of 13 percent (with gold valued at $290),'' O'Connell said in a market commentary.<<. It seems to me that the ECB could not go any higher with their gold reserves without causing a lot of turmoil with other CBs in the world who may not have this amount of gold reserves. Question-- Will other CBs that don't have this amount of reserves have to start accumulating gold. Could all of this be a way to start easing into some sort of a gold standard, if so those countries who do not have gold reserves are likely hoping the price of gold remains low. Any idea what kind of gold reserves Japan holds and what % this would be of total reserves. Do you know if there is a chart with US$--Yen--Gold wonder how this would look over the last couple of years. Enjoy your posts. good luck Lorne