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RCED-83-7 1 (1983-02-18)

handle is hein.gao/gaobabdwm0001 and id is 1 raw text is: ' 1/20Co1'_Q REPORT BY THE Comptroller General OF THE UNITED STATES Unresolved Issues Concerning The Disposal Of Stockpile Silver The fiscal year 1982 Defense Appropriation Act sus- pended the weekly auctions of stockpile silver pend- ing (1) a redetermination that the silver to be disposed of is excess to stockpile requirements and (2) congres- sional approval of any proposed disposal method. In the interim, comments by the Federal Emergency Management Agency and the Department of Defense on a January 11,1 982, GAO report raise new issues that GAO believes must be addressed and resolved in reevaluating the need for the stockpile silver and in exploring alternative disposal methods, Unresolved issues include --lack of consideration of defense-related mone- tary uses of silver; --inadequacies in the decision-making data base relating to legislatively mandated supply factors; --lack of consideration of the estimated cost of alternative sources of silver and the impact of proposed disposal methods on foreign relations; and --the viability of various alternative disposal methods, such as bullion coins and convertible bonds backed by silver. 120620 z -, GAO/RCED-83-7 FEBRUARY 18, 1983 Ce2'4 V

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