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

To: lorne who wrote (34895)	6/6/1999 10:10:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116764

Is The BOE gold sale just a shell game? Check this out, They are charging you more to get the solid gold! Could it be that this way they can "sell it", then continue to "loan it", then in the future if they get in trouble simply take it back, when it may not exist at all? "Settlement of Gold As we anticipated, most respondents expect gold to be transferred to the accounts held at the Bank of England; there will be no charge for this. We have decided that the standard charge (currently £3.35 per bar) will apply for those bidders who elect for physical delivery, as the gold is being offered loco Bank of England. Physical collection will be possible from the third business day after the auction." bankofengland.co.uk I would sure like a hard audit!

To: lorne who wrote (34895)	6/6/1999 5:27:00 PM
From: Alex	Read Replies (2) \| Respond to of 116764

6/06/99 - Residents of Alma Ata region lend gold, money to state. <Picture> ALMA ATA, June 6 (Itar-Tass) - Residents of the Karasai district of Kazakhstan"s Alma Ata region have lent 300 golden articles and more than 10,000 dollars to the People"s Bank in response to the appeal of the local legislature for supporting the budget without foreign loans and credits. The "Golden Fund -- Golden Deposits" campaign provides for the long-term use of precious metals and money by the state and the future return of lent articles and cash to their owners with interest. Still, many doubt the success of the "Golden Action." They say the loans are poorly secured, their goal is unclear, and it would have been better to have proper financial-legal mechanisms for preventing the funds" embezzlement by civil servants. The campaign is turning into a compulsory deed. Heads of some enterprises and organizations have started to make lists of future donors and to fix the size of donations. In the opinion of local observers, such an initiative will quickly spread throughout the republic and result in the opening of numerous offices to accept the donated gold.