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We had a change of government last year and the present government was elected by landslide on a platform which included balancing the books. Since the election they have gone about a major asset sale program and the gold reserves could be seen as a part of that process. Some of the other items that have either been sold or are in the process of being sold by some level of government here include airports, power stations, banks, insurance companies, road systems along with a range of downsizing and outsourcing of government services.
Regards,
JH
-----Original Message-----
From: Private Investor [SMTP:private-investor@xxxxxxx]
Sent: Tuesday, 8 July 1997 11:27
To: John Hunter; 'Metastocklist'
Subject: Re: Gold Price
What are you going to do with that kind of cash ?
Pi=3.14
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> From: John Hunter <jhunter@xxxxxxxxxx>
> To: 'private-investor@xxxxxxx'; 'Metastocklist'
<metastock-list@xxxxxxxxxxxxx>
> Subject: RE: Gold Price
> Date: Monday, July 07, 1997 7:48 PM
>
> It was sold because we didn't need it any more. Who needs a depreciating
asset that produces no return? Well that was the story we got.
> the precious metals.
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