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To: long-gone who wrote (30516)3/23/1999 12:56:00 PM
From: IngotWeTrust  Respond to of 116779
 
Monsoons only slow prod. temporarily, RH. Out here on t'Left Coast, monsoons--which our meteorologists call "pineapple express" b/c of the way the trade winds pick up the moisture in the vicinity of the Hawaiian Isles--produce mudslides which in turn elluviate and alluviate more gold, which I and others then alleviate at will.

Always a gold lining in those "pineapple cloudbursts"
Suspect same is true in Australia as well.
And centuries of monsoonal rains in West African nation of Mali is
howcome there's so darn much elluvial and Alluvial gold deposited in that clime.

O/49r



To: long-gone who wrote (30516)3/23/1999 1:01:00 PM
From: Alex  Read Replies (1) | Respond to of 116779
 
3/23/99 - BAGHDAD, Iraq, Mar 23, 1999 (AP Worldstream via COMTEX) -- Iraq has abolished restrictions on the import of gold, according to a Central Bank ruling published Tuesday. The ruling is aimed at encouraging Iraqis living abroad to bring in the precious metal.

The directive, carried by the weekly al-Iktisadi, said Iraqis need only to declare the gold they have with them to customs officials on the border.

""The gold entering Iraq will be exempt from tariffs,"" the bank directive said. A limit of 5 grams remains on people leaving the country, the paper said.

Before U.N. economic sanctions were imposed in 1990 to punish Iraq for its invasion of Kuwait, the Central Bank was the sole importer of gold.

After sanctions, private traders were allowed to import the precious metal, but they had to pay a 10 percent duty. Licenses also were required.

Demand for the gold has risen dramatically in recent years because Iraqis want to hold it as a hedge against depreciation of the Iraqi dinar. ------

Copyright 1999 Associated Press, All rights reserved.