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

To: Rarebird who wrote (39438)	8/23/1999 12:21:00 AM
From: russet	Respond to of 116900

A few questions for you Rarebird. Which CB's decide what the gold lease rates will be? Seem's to be almost a cartel. Did all raise their lease rates at the same time? Who leads this group of gold rentors? Second, who told you the CB gold loans have to be repaid in gold? Have you seen these contracts to lease gold? What if the borrower goes bankrupt? or tells the bank they will give them the equivalent amount in U.S. dollars. Is the CB obligated to take the money and buy gold, or could the CB just reduce their gold reserves and substitute something else? TIA, russett