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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.28+3.8%Nov 28 4:00 PM EST
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To: Ken Benes who wrote (47089)1/14/2000 5:32:00 PM
From: Zardoz  Read Replies (2) of 116790
 
When gold is leased from the central bank, it is immediately sold into the market. The Barrick's hedge book includes leased gold which is collateralized with inground gold that is then sold forward guaranteeing a price.

And when the gold is paid back to the Central Banks, where does that come from?

Hutch
PS: A zero SUM game, means the sums add to zero.
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