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: long-gone who wrote (29766)	3/11/1999 1:20:00 PM
From: lorne	Read Replies (1) \| Respond to of 116762

European Central Bank assures sale of gold reserves is unlikely Delegates at the 1999 Australian Gold Conference have been reassured that the European Central Bank (ECB) is unlikely to sell off its gold reserves in the forseeable future. There has been concern recently about the attitude of the ECB towards its bullion reserves. News in mid-1997 that the Australian Reserve Bank had sold two thirds of its holdings was largely blamed for a significant fall in the price of gold. But chairman of the Central Europe Trust Lord Lawson of Blaby says the Central Bank understands the value of its gold reserves and the need to establish and maintain its credibility in the market place. "The most important thing is to have credibility among the peoples of Europe," Lord Lawson said. "[The bank] knows that although this can't be measured, having gold reserves is an important dimension of credibility." abc.net.au