Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IngotWeTrust who wrote (20832)	10/6/1998 2:56:00 PM
From: Alex	Read Replies (3) \| Respond to of 116824

Thanks ole 49r. Don't know how you manage to keep this ongoing saga so clear in your mind. However, I found this article at the WGC site that supports your view that this is only a rehash of an ongoing issue................. Contrasting views over possible IMF gold sales On June 29 the UK chancellor of the exchequer, Gordon Brown, said, when addressing the European parliament's Economic Affairs Committee, that he expected the debate on whether the International Monetary Fund (IMF) should sell off gold to fund debt relief to resume during the next year. The original proposal envisaged that the IMF would sell around 150 tonnes of its gold reserves and use the proceeds to fund debt relief to very poor countries. Not all countries were in favour of the proposal. On July 2, Hans Tietmeyer, president of the German Bundesbank, underlined that oppostion still exists when he stated that he was against selling IMF gold. He quoted US deputy treasury secretary, Larry Summers, who had said that the existence of gold holdings was very important for the IMF's reputation in financial markets. gold.org June - 2 July 1998