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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.95+0.8%Jan 9 4:00 PM EST
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To: Professor Dotcomm who wrote (77252)9/24/2001 4:07:35 PM
From: John Graybill  Read Replies (2) of 116846
 
"Selling" it and delivering cash to you is easy. They can gin up any number of derivatives based on that gold (as is alledged) -- put options, short futures contracts, etc.

The problem is the flip side: what if you want the actual gold? Then they have to go buy it somewhere. Not a problem at the moment, but if enough people want their physical gold, then we get the derivatives melt-up that GATA et al are always talking about.
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