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Gold/Mining/Energy : ECHARTERS
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To: cruncher who wrote (2879)9/1/1998 12:37:00 AM
From: E. Charters  Read Replies (2) of 3744
 
Looks pretty straight forward to me. If you want to borrow gold for one month you pay .80% of its price. For a one year term you pay 1.70% of its price. The larger cost is reflected in the larger long term risk. I don't know if those contracts can be opened or changed or if they change every month like a negotiable mortgage. People lease gold in order to borrow money or short gold or buy gold in the commodity market. they borrow the money then buy the gold then short it.
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