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

To: goldsnow who wrote (23639)	11/30/1998 8:11:00 PM
From: banco$	Read Replies (3) \| Respond to of 116762

Goldsnow, We could use a section specially for central banker quotes about not selling their gold reserves. I've seen a number of them over time, but they're scattered about. Actually, their actions speak for themselves. The largest central banks have not sold in light of all the analyst comments in recent years. Analysts just won't stop issuing baseless threats. That was a bold statement from Rolf given the uncertainty of a new currency; does he truly feel central bankers are that foolish. How about the permanent overhang of foreign central banks in need of replacing dollars with other reserves? I thought of "safe" euro in perhaps other terms when I read the last line of your post. For a moment I thought more that the dollar and US market can see a run in either direction depending on the stability and acceptance of the euro, therefore, the euro could be viewed as a "safe haven" when the dollar comes under pressure. Then again, if the dow were cut in two, the global markets would likely be in deep recession and the euro could fail when states break away to engage in separate efforts to stimulate their own economies. Who knows.