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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (30291)	3/18/1999 2:08:00 PM
From: Ironyman	Read Replies (1) \| Respond to of 116900

Let them sell the IMF gold now.......Later on, I'm sure that the Clinton Legacy will be that he caused them to sell at the bottom. Regards, Eric Parde

To: Alex who wrote (30291)	3/18/1999 7:44:00 PM
From: The Ox	Read Replies (1) \| Respond to of 116900

I think this passage should be highlighted for the thread: In 1995, the Executive Board reviewed the role of gold in the IMF. Taking into account the above considerations, the Board reached broad agreement that the IMF's policy on gold should be governed by the following principles: Gold provides a fundamental strength to the IMF's balance sheet.... A sale of gold by the IMF must not weaken its financial position and, if possible, should strengthen it. In practice, therefore, the capital profits of any sale of gold should be retained; only the income deriving from the investment of those profits should be used for any current operations that might be agreed upon.