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To: PaulM who wrote (28660)2/20/1999 8:51:00 PM
From: GST  Respond to of 116892
 
Reducing leased gold would help crimp the hedge funds playing the currency market. This could be a 'quiet outcome' of the meeting which will only be heard in the markets as we move forward from here.



To: PaulM who wrote (28660)2/20/1999 10:19:00 PM
From: long-gone  Read Replies (1) | Respond to of 116892
 
<<the "proposal supported by Britain and the U.S. to sell....IMF...gold reserves has met with fierce resistance from the German Central Bank">>

IMF gold sale must be approved by the US Congress. Labor is against it. Western Republicans around 3/4 of western Democrats are against it as are the middle western commodity producing states.

It is a no-go!


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