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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (7568)9/1/1999 10:41:00 AM
From: Claude Cormier  Read Replies (1) of 81226
 
<< what happens if the mine cannot re-supply for whatever reason>>

This may be a problem for small operator..but large operator are well diversified. They have several mines and are geographically dispersed.
As well, they are hedged for only a small portion of their reserves...on average I would say 15%. I don't see too many risk of them not being able to deliver to their loans, if they want to. They will never have to buy gold with cash.

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