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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (35377)	6/15/1999 8:32:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116759

<<When a central bank "lends" out gold, does actual metal get moved, or just a piece of paper with a promise?>> either can happen, most often(from what I understand) it is hauled out. <<What are the compensations for the bank to lend the metal>> 1% interest per year, <<and the collateral used by the borrower?>> some are unsecured, I understand, while most often 10% of value in $. << Does the metal have to be "returned" at the lend price equivalent, or simply returned by weight of metal borrowed?>> We have been left to understand many contracts of late have been setteled in $ only or future delivery contracts, not actual metal.