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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: PaulM who wrote (33522)	5/9/1999 8:03:00 AM
From: long-gone	Read Replies (1) of 116764

<<(Take a second look at Ted Butler's numerous articles at Kitco arguing metal loans can never be repaid with metal). >> I've always wanted a comprehensive audit of a true & open god market. At the very least public stores, There were some indications CNBC that during the "world economic crisis" of last year at one point loans had been made from funds with-in a given brokerage house. The way I'm reading it, there is not much "solid gold" around If we audited the electronic gold + paper gold against bullion around 50-70% might be "missing" or "in-transit" thus not able to be counted. I am betting that silver will fall apart this week. Question I've never gotten answered, is "When(at what point) is forward sold gold from mines or repaid from loans added to inventory. I suspect forward sold gold for delivery in next 2 - 96 months is added to inventory as soon as it is sold. Meaning gold certificates from the Swiss might be "just paper". Meaning perhaps most of the real gold around the world now exists as only teeth, jewerly, and coins in the hands ofthe people. Stuff like E'Gold may be part of the problem vs the answer. Much harder to audit files that solid bars.

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