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

To: Claude Cormier who wrote (36164)	6/29/1999 10:34:00 PM
From: Hawkmoon	Respond to of 116895

In theory... but I read it was a temporary loan to the market... <g> Now Claude, this is really confusing me. Are you claiming that the Fed has loaned out physical gold to the US Mint so that it can fabricate and sell gold coins?? Isn't that essentially one gov't agency owing another a debt and by default, the govt selling its gold off? Can anyone here actually walk us through the gold leasing process? Do the CBs actually lease the physical gold out to a leasee?? Or is it strictly a paper transaction with no physical metal trading hands but rather remaining under full control of the bank itself?? I'm hearing some out here claiming that they doubt there is any gold left in under CB control and this has me a bit confused as well. What are the facts, folks?? Can anyone actually describe the process and provide references for how much physical gold, if any, has been leased out and utilized for fabrication of trinkets, coins, or Mr. T's latest accessories? Regards, Ron