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To: Enigma who wrote (23655)	11/30/1998 9:06:00 PM
From: banco$	Read Replies (2) \| Respond to of 116764

E, As far as official ECB statements, no. The word "gold" is deliberately obliterated from almost every transcript, document, speech or press release that I have seen regarding EMU. I'm not concerned about the ECB selling gold reserves as they are precious backing for the new currency. The EU would not agree on a portion of gold to back the euro, 15 percent, and then start tampering with it. I know very little about the leasing activities; they tend to be "off book" or at least off the books that the public is privy to. Please let me know if you're aware of leasing stats. I understand that the ECB may approve or disapprove of sales of excess bullion reserves by member states. Still I do not see the ECB approving sales before say 2003 at least, there's too much at stake between success of the new currency and the fact that member states are responsible for their internal affairs and debt. If the big three did not sell gold in the past or at higher prices, they should remain unlikely to do so in the future, especially given the risk of failure or the impression of weakness upon selling. It is these important central bankers I've seen quoted as not selling reserves after inception of the euro (save Italy). There is one legal document specifically pertaining to gold in a government site if I'm not mistaken. I almost posted it a while back because it's an aberration to every other EMU document because "gold" is used hundreds of times over within.

To: Enigma who wrote (23655)	11/30/1998 10:24:00 PM
From: lorne	Respond to of 116764

Mainz--Nov 30--Bundesbank council member Hans-Juergen Koebnick said today that selling excess Bundesbank gold reserves after European Monetary Union next year was "no topic at all" for the German central bank. In other words, it was not on the agenda. In a Bridge News interview, Koebnick also did no\t expect other eurozone central banks to dump gold on the market. By Lita Olbrich, Bridge News, Story .10169

To: Enigma who wrote (23655)	12/1/1998 6:39:00 AM
From: John Hunt	Respond to of 116764

Bouchard keeps Quebec, but Liberals get more votes ottawacitizen.com 'Winning conditions' elude separatists << Despite some predictions of a landslide win for Mr. Bouchard, he ended up winning 75 seats, compared with 48 for the Liberals and one for the Action democratique. >> << The underwhelming result will likely end talk that Mr. Bouchard might call a snap referendum in the next six to 12 months. Parti Quebecois strategists had set the threshold at 80 seats and 47.5 per cent of the popular vote to put the process in the fast lane. Yesterday, the PQ won 42.9 per cent of the vote compared with 43.6 for the Liberals and 11.6 for Action democratique. >> Hi E, Reminds me of the saying ..... If you catch a little bird Let it fly away If it comes back, it is yours forever If it does not, it was never yours. John PS - In a truly democratic system, those seats would have been redistributed to more closely reflect the voting population.