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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Alex who wrote (3201)	11/16/1997 4:33:00 PM
From: Jaakko	Read Replies (2) of 116837

I have long been of the opinion that the amount of gold traded in London far exceeds the physical availability of same. These events that you brought forward seem to be the first events trying to cover the fact that not enough PHYSICAL gold is backing up the huge trading that is going on. Once again, WHAT WOULD HAPPEN IF EVERY BUYER OF GOLD DEMANDED PHYSICAL DELIVERY OF THE YELLOW METAL INSTEAD OF ACCEPTING PAPER FOR SAME??? - EVERYBODY KNOWS THE ANSWER, SO THEY SHOULD ACT ACCORDINGLY!!! kitco.com

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