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Gold/Mining/Energy : Gold Price Monitor
GDXJ 117.34+3.7%Jan 5 4:00 PM EST
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To: Rarebird who wrote (56252)7/14/2000 1:16:16 PM
From: pater tenebrarum   of 116842
 
that's possible. i read somewhere that apparently no physical metal changes hands as a result of the BoE auctions. i can't really verify that - however, it would jibe with your idea that they have leased out most of their gold and see no chance of getting it back.

also, i firmly believe that in order to support the dollar fiat explosion (currently the global dollar inflation runs at almost 12% annualized) it is necessary to keep gold suppressed, and the BoE plays a role in this game.
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