Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: waverider who wrote (12120)	5/11/2002 3:10:16 AM
From: TheBusDriver	of 36161

Well Russet gave you one version<grin> Yes, at some point the gold loan will be called. It can be rolled over or the bank can ask for the gold back. You see the bank doesn't really want the gold. They are now more interested in the interest generated from leasing the gold. Banks see gold as a non-income producing millstone around their necks. But if that were to change and the gold DID have to be returned, well it has to be, you can roll it over forever......there are TONS of leased gold. that is where these forcasts of $2000 gold comes from. Personally I think that this is so serious a problem that the gov'ts around the world will not let this happen. Gold might rise but they WILL find a way to let these derivitive players off the hook or it could bring down our entire money system as we know it. Can you tell I think POG and POG prices are manipulated? A rouge wave is going to blow all this up someday I think. The cracks at JPM are just the beginning I hope. Wayne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next