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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.07+0.7%Jan 16 4:00 PM EST
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To: banco$ who wrote (18652)9/12/1998 11:25:00 PM
From: Investor-ex!  Read Replies (1) of 116892
 
Hi banco$,

Interestingly large discrepancy. I wonder what the true numbers are.

Is it possible that the central banks' total reported gold "inventory" is not actually physically present, having been lent out to other central banks or other entities resulting in multiple counting? Or, perhaps, through multiple leasing of the same gold stock, the reported gold reserves are inflated? That makes sense, doesn't it? Inflated gold supply = deflated gold price!

Let's demand a world-wide gold audit, first thing Monday morning! :o)
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