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

To: Bobby Yellin who wrote (5670)	4/29/1999 7:11:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 81518

Morgy, << but 10 of the 41 countries eligible for highly indebted poor countries' relief, where between 5% and 40% of export revenues were derived from gold." >> This gold sale has nothing to do with helping those nations. It does clearly show though how little the average member of the public really knows about what's going on .... they are being convinced by large greedy interests groups, that what is happening is some sort of altruistic kindness ..... when in fact, it is one of the most self-serving acts of utter greed that has ever been perpetrated on the poor of this world. Is it any wonder, that is many cases, they loath us. MB

To: Bobby Yellin who wrote (5670)	4/29/1999 7:43:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 81518

Chairman Saxton of the JEC responds to GATA visit to Washington A little excitement today in the precious metals arena. Gold was up $3 and silver was rocking once again and closed 15 cents higher. Yesterday, one day after my trip to Washington to visit with Jim Saxton, Chairman of the Joint Economic Committee in the U. S. Congress, he issued this press release: April 28 - Platts - New York - 6:55 PM Proposed - IMF gold sale draws US Congress Opposition "A proposal supported by the President Clinton to sell more than 10-mil oz of gold from the 103.4-mil oz held by the IMF will intensify Congressional opposition to the idea," said Jim Saxton, vice-chairman of the Joint Economic Committee of US Congress. Proceeds of the proposed sales are intended to help some of the world's poorest nations pay their debts. "The recent statments ( by President Clinton and Cabinent members ) presuming that gold sales will definitely take place ignores the fact that the US government has made no commitment and can do so only with Congressional approval, " Saxton said. "The administration is supporting this proposal, but there are serious bipartisan reservations. This bipartisan concern guarantees that this proposal will face tough scrutiny". The very visible and well followed gold market commentator, Andy Smith, had this to say about the press release from his bullion dealing, Mitsui perch: "I'M For sales, continued: 'Hell no' from Congress-enhancing IMF gold sale idea?........ vice chairman of Senate Joint Economic Committee Jim Saxton ( he was mugged by the conspiracy theorists visiting Washington yesterday ).............