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

To: goldsnow who wrote (18262)	9/9/1998 7:48:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116877

Thai monk collects 400 kg gold for govt coffers 05:09 a.m. Sep 09, 1998 Eastern BANGKOK, Sept 9 (Reuters) - A revered Thai Buddhist monk, who has been collecting cash and other donations to help the cash-strapped government, deposited 400 kg (880 lb) of gold with the central bank on Wednesday. Pra Maha Bau Yanasampanno vowed to continue with his campaign until Thailand overcame its worst economic crisis in decades. ''This gold belonged to our brother Thai worshippers who were willing to help rescue the national economy,'' he told Bank of Thailand staff as he delivered the gold in 32 bars. ''The gold will be officially handed over to government for use as reserve funds at an appropriate time,'' he said. Pra Maha Bau began his campaign in April. On July 6, he handed his first collections worth 12 million baht ($293,000) and $1.8 million in American dollars to the central bank. Thousands of people throng Pra Maha Bau's temple in the outskirts of Bangkok and one at the northeastern town of Udon Thani every weekend, donating jewellery, ornaments and cash to his ''help the nation project.'' ''Collections of donations to rescue the economy will continue until one can see some light of an economic revival,'' he said. Several organisations including schools and temples have launched similar campaigns. The Thai army in March collected 150 kg (330 lb) of gold, mainly in the form of medals and ornaments. ($1 - 41 baht) Copyright 1998 Reuters Limited.

To: goldsnow who wrote (18262)	9/9/1998 7:49:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116877

RE Ted David & CNBC. GS, The thing I expect of Ted and all of the crew from CNBC(and any other news reporting agency) is an equal handling of both sides of any issue! Nothing more - Nothing less. If they feature any expert in any sector, he must offer a disclaimer concerning his firm's position in the company. I would love to see the position held of each and every bank and brokerage house which has come out against gold as an investment. Just how many hold a short position in gold? What about the concept of full disclosure? If they can shove every anti-gold shill down the throat of the investing public, would it be to much to ask for just one investment advisor who is a true gold bug? Just so I'm fully understood, I'm not saying Mr. Kludlow is among these. I'm saying CNBC should have done a (far)more responsible job in questioning him, and reminding the public that gold was greatly up! At this point I might even question if GE now holds(or has held while CNBC was on the air) a short position in any precious mining stock or precious metal! rh