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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

Dec 1 4:00 PM EST

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To: Ken Benes who wrote (47092)	1/15/2000 12:07:00 PM
From: Enigma	Read Replies (1) of 116790

If the leased gold is sold into the spot market - what happens to the physical gold as it is produced from the mines? I think you may have it arse backwards - the leased gold is sold to assure supply at least in part - bearing in mind that majors have mines all over the world, and supply from mines can be interrupted. Someone on another thread brought up the matter of Placer and the mine where the mine was shut down because of a tailings disaster. Are you trying to say that gold is sold twice - I think you are only dealing with one side of the ledger. Or are you dense too?

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