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To: Enigma who wrote (38037)7/29/1999 11:56:00 PM
From: banco$  Read Replies (1) | Respond to of 116759
 
Thanks dd, I'll see if I can find better info. tomorrow.



To: Enigma who wrote (38037)7/30/1999 11:34:00 AM
From: Mike M2  Read Replies (4) | Respond to of 116759
 
DD, there was a story in Forbes 3-4 yrs ago ? about a landlord's heirs who took a tenant to court to enforce a gold clause contract . The lease may have been for 99 yrs? signed 1920 ? The tenant ( I think it was an insurance co.) wanted to pay in cheap dollars. I believe the courts said the gold clause was enforceable ( ruled 1977?). the property was in a mid western city. Sorry for all the ? but the story is from memory but I feel that my recollection is essentially accurate. Perhaps someone wants to do a search in Forbes under gold clause - I am not a good searcher. Mike



To: Enigma who wrote (38037)8/1/1999 1:08:00 PM
From: banco$  Read Replies (2) | Respond to of 116759
 
a gold-backed bond..."Goldman Sachs & Co., one of the largest bullion banking and trading houses, is introducing a gold-backed bond that it says has the potential to pay an annualized return of 13.3 percent."

(Bloomberg bulletin, 7/29/99 - Gold Climbs as Stocks, Bonds Drop, Spurring Investor Demand)

Very interesting. Wonder how Goldman is structuring the above referenced debt instrument?