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

To: Alex who wrote (20831)	10/6/1998 11:15:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116823

Nothing new here, just spin meisters at work. Germany is NOT going to be in favor of selling gold. Why? One look at history answers that question. Besides, the gold belongs to the "ante up" membership, and not IMF. A brief review of the one sale umpty years ago reveals where it went and at what prices. There is an "emergency" slush fund IMF has, and the WORLD Bank is its supreme source of funding if the tough gets going. Anyhoo...the longer the US stalls in forking over the moola, and I personally hope we DON'T, the longer Germany gets to wait to fork over their "assigned" outflow of DMs to the same kitty. I personally don't give the IMF sale of gold a snowball's chance in hell. Remember, gold is collateral... and it is collateral aka bait to a bigger bank, aka the Volcker bunch. I get so very very amused at the folks who forget this bank crap is all about competition between completing solutions: BIS vs WB/IMF BIS is going to win...hands down! End of story. BIS with the most gold of all is the 900# canary in this little drama. They makes de'rules, and BIS is not selling. Now THERE would be a headline I'd worry if I ever read. Thanks for asking...hope this helps. O/49r