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


To: Hawkmoon who wrote (44925)11/12/1999 7:17:00 PM
From: long-gone  Read Replies (1) | Respond to of 116753
 
<<The proliferation of "electronic gold" is due to mining companies selling forward their production of the commodity. It is, in essence, debt they owe to the party who purchases their future production.>>

Ron, This is the greatest load of BULL S,
scratch that.
Ron,
Do you not also consider the Central banks which allowed loans of their gold to hedge funds which will both use the gold in sales and for security in more loans also involved?

Remember, all general statements are false. To paint all miners with the same brush...