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

To: Enigma who wrote (33476)5/9/1999 8:10:00 AM
From: long-gone  Read Replies (1) | Respond to of 116762
 
<<Richard - I'll wait for the Economist and its comments - maybe the Govt. wants a lower pound? >>
I'd hhoped no one here-in would be swayed by the Economist.



To: Enigma who wrote (33476)5/9/1999 11:05:00 PM
From: Richnorth  Read Replies (1) | Respond to of 116762
 
You also have to consider that the UK wants to join the European Union, after all.

Therefore, as a first step, it is practical to divest itself of its 'excess' gold (just as the Dutch had done). Otherwise, the 'excess' gold will have to go to the European Central Bank. Of course, the Brits are also deliberately driving the POG down. They are certainly killing two birds with one stone, aren't they?


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