Daily Dispatches

7:44a ET Monday, December 20, 2004

Dear Friend of GATA and Gold:

The Reuters story below in German from Frankfurt
says the Bundesbank has confirmed its rejection
of the proposal of its president, Axel Weber, to
sell 120 tonnes of gold. Instead, the Bundesbank
will sell only 8 tonnes, and those for the minting
of gold coins.

The story says the gold sales plan could not win
a majority on the Bundesbank's board and that the

By Maria Sheahan
AFX News
Monday, December 20, 2004

http://www.iii.co.uk/news/?
type=afxnews&articleid=5150359&action=article

FRANKFURT -- Bundesbank president Axel Weber
dismissed reports he tried to push for the sale of
part of the central bank's gold reserves but was
rejected by six of the eight Bundesbank board members.

"It is wrong of the media to create the impression I

7:38p ET Saturday, December 18, 2004

Dear Friend of GATA and Gold:

If an Internet site's translation service can be
trusted, the Reuters story in German below
quotes the newspaper World on Sunday as
reporting, on the basis of confidential sources,
that six of the eight members of the executive
committee of the Bundesbank oppose a plan
to sell 120 tonnes of gold per year from the
bank's reserves.

12:03p ET Sunday, December 19, 2004

Dear Friend of GATA and Gold:

Here's an English translation of the Reuters
dispatch in German, sent to you last night, about
the opposition within the Bundesbank to sales of
gold reserves. Thanks so much to our friends who
did the translating for us, especially since the
story is much more favorable to gold than we were
able to convey to you last night.