SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sea_urchin who wrote (19529)11/6/2003 11:04:47 PM
From: philv  Read Replies (2) of 81164
 
Searle, is there any difference in what you describe pertaining to paper gold and any other commodity such as coffee beans or pork bellies?

Greenspan seems to regard derivative trading as a good thing. Supposedly because it spreads the risk, but probably because the big boys can make some easy money.

But there is a real gold spot and futures market that is being sold daily. Mine production plus bullion. I haven't been able to figure out if the paper controls the spot, or if spot controls the paper.

If I recall correctly, a few years ago, the LBMA was trading about 900 tons/day. That obviously was paper.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News