(GATA News) ask your CB if lending gold on an unsecured or margin free basis
Subj: Thobe Perram, Danish Bullion Dealer, Writes
Date: 10/12/99 5:01:39 PM EST
From: LePatron@LeMetropoleCafe.com
To: dougak
Le Metropole members,
Thobe (pronounced like Toby) Perram is back.
This Danish bullion dealer has served insightful commentary at the
Toulouse-Lautrec Table. This informed analysis from a plugged in
dealer will give you a good idea of what the gold shorts and some
gold producers are up against.
This is one of the good guys, not one of the "Hannibal Cannibals."
"A call from one of the Japanese bullion dealers today set me thinking
about the question of margin calls."
"This is a good question to ask the Chairman of the Bank for International
Settlements Financial Stability Unit. You might also ask the Chairman of your
local Central Bank if he has been lending his, I mean your gold, on an unsecured
or margin free basis. If he has, you should ask him why and remind him what
happened to the Central Bank of Portugal on the demise of Drexell Burnham.
We know that HM Treasury's Debt and Reserve Management experts, who tell the
Bank of England what to do, have allowed the UK's gold to be lent 'against
balance sheet. That is not exactly the work of a prudent Chancellor, is it?"
All the best,
Bill Murphy, Chairman
Gold Anti Trust Action (GATA) gata.org
Le Patron, Le Metropole Cafe lemetropolecafe.com |
