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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: long-gone who wrote (53050)	5/21/2000 2:27:00 PM
From: Hawkmoon	Read Replies (4) of 116762

When will you realize Ron, if the gold has already been loaned out & sold then it is no longer being "held". How has this changed from the times when gold and silver certificates were issued in excess of the available physical reserves. When a demand certificate is issued, it is a proxy for the actual physical gold. When futures contracts are taken on in the gold market, I don't see how they act any differently than a demand certificate. No matter how much you believe gold should fully back paper currency, you continue to avoid the issue of there not being enough gold around to accomplish such an objective. Regards, Ron

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