http://www.bday.co.za/97/0606/news/news4.htm
http://www.bday.co.za/97/0606/news/news4.htm
1. 16 mo. baby bear $415.00 to $337.00
2. Almost 10 year moma bear $502.75 to $326.10
3. 17 year papa bear $850.00 to 284.25
#1 baby bear needs a test of $337.00 only -$6.00 or 2%
#2 moma bear needs a test of $326.10 just -$17.00 or %5
#3 papa bear needs a test of $284.25 - $60.00 or 17%
1. 16 mo. baby bear $415.00 to $337.00
2. Almost 10 year moma bear $502.75 to $326.10
3. 17 year papa bear $850.00 to 284.25
#1 baby bear needs a test of $337.00 only -$6.00 or 2%
#2 moma bear needs a test of $326.10 just -$17.00 or %5
#3 papa bear needs a test of $284.25 - $60.00 or 17%
The govenment would like to see gold at it's real value ( cost of copper ) and once and for all killing the myth that the barbaric relic of years gone by is somehow a hedge against inflation. If gold was ever to raise its ugly head as a safe haven against the evils of fiat currency the governments of the world would sell at a huge loss to stiffle the reasugance. But they do'nt have too, they will sell very slowly and reap big profits while keeping the fiat currency strong. Do you believe the EMU would let gold devalue the currency. The CB's will and are selling all the gold in thier valuts now. They know the future of this barbaric metal is gone. If the CB's had no gold who would want it?
The govenment would like to see gold at it's real value ( cost of copper ) and once and for all killing the myth that the barbaric relic of years gone by is somehow a hedge against inflation. If gold was ever to raise its ugly head as a safe haven against the evils of fiat currency the governments of the world would sell at a huge loss to stiffle the reasugance. But they do'nt have too, they will sell very slowly and reap big profits while keeping the fiat currency strong. Do you believe the EMU would let gold devalue the currency. The CB's will and are selling all the gold in thier valuts now. They know the future of this barbaric metal is gone. If the CB's had no gold who would want it?
Waigel to hold June 18 CSU briefing on EMU, gold
By Emma Thomasson
BONN, June 6 ( Reuter ) - German Finance Minister Theo Waigel will defend his controversial plan to revalue Bundesbank assets and his stance on Europe's single currency to his Christian Social Union ( CSU ) on June 18, the CSU said on Friday.
A CSU spokesman said Waigel had been due to address the party, the Bavarian sister party of Chancellor Helmut Kohl's Christian Democrats ( CDU ) , earlier this week, but was forced to cancel because of ``important engagements in Bonn.''
Waigel on Tuesday was forced to retreat from his plan to help plug a gaping budget hole and qualify for the euro with profits from revalued central bank assets, after sharp Bundesbank criticism and disquiet in the ruling coalition.
The beleaguered Waigel on Wednesday survived an opposition parliamentary motion calling for his dismissal, after Kohl threw his weight fully behind the struggling minister.
CSU sources in Bavaria's state parliament said there was broad dissatisfaction with Waigel in his own party, particularly because of the row with the fiercely independent Bundesbank over asset revaluation.
The sources said the party was critical of their leader because he had not informed them sufficiently over his plans.
Waigel on Thursday denied there was any discussion in the CSU party about a possible delay to the start of European economic and monetary union ( EMU ) , planned for 1999, as reported by Friday's edition of the Sueddeutsche Zeitung.
The Munich-based paper said CSU members were discussing a possible delay due to the left-wing election victory in France.
Waigel also reaffirmed that Germany would meet entry criteria as outlined in the Maastricht Treaty and that the deficit criteria must be strictly met at 3.0 percent or below of Gross Domestic Product ( GDP ) .
The Sueddeutsche Zeitung daily quoted a member of the CSU state government in Bavaria as saying: ``Since the French election we have agreed currency union must be postponed.''
The report said the CSU state government and CSU members of the state assembly in Bavaria believed a single currency would be a ``monetary death sentence'' after new French Prime Minister Lionel Jospin suggested it could be launched with softer financial criteria.
A spokesman for Bavarian Premier Edmund Stoiber said in response to an inquiry that Stoiber saw only 50-50 chances of a punctual launch of the euro if France's new leaders met certain election campaign pledges.
Dominique Strauss-Kahn, France's new Finance Minister, has suggested that criteria in the Maastricht treaty on monetary union, including a requirement to cut public deficits to three percent of gross domestic product, should be interpreted politically rather than in strict mathematical terms.
Stoiber, quoted by the Sueddeutsche, said softening the criteria could have disastrous consequences. ``If people notice in the year 2005 that they have given up their currency too soon, we can really talk about a bomb in Europe,'' he said.
Waigel to hold June 18 CSU briefing on EMU, gold
By Emma Thomasson
BONN, June 6 ( Reuter ) - German Finance Minister Theo Waigel will defend his controversial plan to revalue Bundesbank assets and his stance on Europe's single currency to his Christian Social Union ( CSU ) on June 18, the CSU said on Friday.
A CSU spokesman said Waigel had been due to address the party, the Bavarian sister party of Chancellor Helmut Kohl's Christian Democrats ( CDU ) , earlier this week, but was forced to cancel because of ``important engagements in Bonn.''
Waigel on Tuesday was forced to retreat from his plan to help plug a gaping budget hole and qualify for the euro with profits from revalued central bank assets, after sharp Bundesbank criticism and disquiet in the ruling coalition.
The beleaguered Waigel on Wednesday survived an opposition parliamentary motion calling for his dismissal, after Kohl threw his weight fully behind the struggling minister.
CSU sources in Bavaria's state parliament said there was broad dissatisfaction with Waigel in his own party, particularly because of the row with the fiercely independent Bundesbank over asset revaluation.
The sources said the party was critical of their leader because he had not informed them sufficiently over his plans.
Waigel on Thursday denied there was any discussion in the CSU party about a possible delay to the start of European economic and monetary union ( EMU ) , planned for 1999, as reported by Friday's edition of the Sueddeutsche Zeitung.
The Munich-based paper said CSU members were discussing a possible delay due to the left-wing election victory in France.
Waigel also reaffirmed that Germany would meet entry criteria as outlined in the Maastricht Treaty and that the deficit criteria must be strictly met at 3.0 percent or below of Gross Domestic Product ( GDP ) .
The Sueddeutsche Zeitung daily quoted a member of the CSU state government in Bavaria as saying: ``Since the French election we have agreed currency union must be postponed.''
The report said the CSU state government and CSU members of the state assembly in Bavaria believed a single currency would be a ``monetary death sentence'' after new French Prime Minister Lionel Jospin suggested it could be launched with softer financial criteria.
A spokesman for Bavarian Premier Edmund Stoiber said in response to an inquiry that Stoiber saw only 50-50 chances of a punctual launch of the euro if France's new leaders met certain election campaign pledges.
Dominique Strauss-Kahn, France's new Finance Minister, has suggested that criteria in the Maastricht treaty on monetary union, including a requirement to cut public deficits to three percent of gross domestic product, should be interpreted politically rather than in strict mathematical terms.
Stoiber, quoted by the Sueddeutsche, said softening the criteria could have disastrous consequences. ``If people notice in the year 2005 that they have given up their currency too soon, we can really talk about a bomb in Europe,'' he said.
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