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To: long-gone who wrote (30164)	3/16/1999 4:56:00 PM
From: goldsnow	Respond to of 116756

Richard, the banks know they would not get paid by poor countries..so Gvn as usual decided to find the way for the banks to get paid..How this would increase investors confidence in poorly managed economies and help them is beyond me ...if anything it should spur capital flight not investment..

To: long-gone who wrote (30164)	3/16/1999 5:06:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 116756

<< sold gradually over time so as not to rock the markets.>> Richard, Do you really believe the IMF gold sales will get through a Republican controlled congress? ... To forgive debts of non-voters? ... And a Clinton/Gore idea to boot? Somehow I doubt that ... These are guys that don't even want to give decent support to voting US farmers! BWDIK, being north of the border. John

To: long-gone who wrote (30164)	3/16/1999 5:10:00 PM
From: goldsnow	Read Replies (3) \| Respond to of 116756

Clinton clobbers gold! Clinton stated that he was in favor of IMF gold sales to help finance the debt of third world countries, and this saw gold down almost $5 earlier in the session. Actually, gold dropped before he even spoke and came off the bottom after the comments were made. Can you say "sell the rumor and buy the fact?" investorlinks.com

To: long-gone who wrote (30164)	3/16/1999 5:14:00 PM
From: lorne	Read Replies (3) \| Respond to of 116756

Hi Richard, Instead of IMF gold sales why not just crank up the US printing presses like they have always done. It seems like a pretty stupid move to sell gold at these low prices and an even more stupid move to announce it to the public and knock the price even lower before any sale. The more they talk the less these poor countries will get. I hope these poor people don't hold their hand over their butts waiting for some gold ( money ) from IMF or USA. I'm sure if clinton looked around the USA he could find enough needy poor people that could use help. Lorne