-->We believe the ideal proportion of gold held
by a Eurozone national central bank is considerably higher than
that of a non-Eurozone central bank. This view is supported by
comments from Bundesbank President Weber, who described
gold as giving a"natural safeguard against dollar fluctuations". In
the same interview Weber also said that the metal plays" an
important role in managing currency reserves." It may be no coincidence
that the two largest sellers of gold under the ECBGA,
the UK and Switzerland, are not Eurozone members.
<ul> ~ http://www.sitedynamo.com/cwsv3/trial530369/MiscFiles/gold020904.pdf</ul>