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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (4384)3/16/1999 8:30:00 PM
From: lorne  Respond to of 81068
 
Gold imports and balance of payments. India
Their fundamental purpose is some sense of ultimate financial security, to which they can attribute a price far above that revealed by strict calculation. It is for this reason that government schemes to purchase gold with the sale of bonds are such non-starters. It is precisely because the people do not trust the government that they purchase gold as an ultimate security. Gold goes beyond the strict remit of conventional accountancy; it is the psychological security it provides that makes investors value it so much more than its intrinsic worth.
business-standard.com



To: Stephen O who wrote (4384)3/17/1999 4:02:00 AM
From: sea_urchin  Respond to of 81068
 
Certainly, I am aware of the taxes etc in the retail cost of gas at the pump.

But I also understand that the US has one of the lowest prices for retail gas in the world. Which means the lowest taxes etc. That is why I felt that the increase in price of US gas, at the pump, would be much closer to the increase in untaxed = increase in crude.

For your information, in South Africa the cost at the pump is R2-50/litre which is about 25p UK or 40c US.


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