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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (36224)	11/13/1998 7:56:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

earlie, 11% of money managers choose us$ over euro in latest poll...not too bullish for uncle. Euro news release this week claimed intent to raise the % of gold backing. Just an update, heh, heh.

To: Earlie who wrote (36224)	11/14/1998 10:38:00 PM
From: Thomas M.	Respond to of 132070

FWIW: economeister.com (04:19 EST 11/12) BBK SAYS IT HAS NO PLANS TO SELL ANY OF ITS GOLD RESERVES FRANKFURT (MktNews) - The Bundesbank repeated Wednesday that it has no plans to sell any of its gold reserves. In a special statement, the central bank confirmed that it, like other central banks, had been involved for some time in lending out a small part of its gold reserves. The proceeds from this lending operation are used to offset the cost of holding the gold reserves, it added. The statement comes amid a new report arguing that the Bundesbank's earnings power will be sharply cut after it turns over a large portion of its reserves to the European Central Bank at the start of EMU. Other European central banks have recently sold portions of their gold holdings.