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

To: Terry Swift who wrote (45332)	11/27/1999 11:58:00 AM
From: Enigma	Respond to of 116779

I'm not sure exactly who qualifies as a 'bullion bank' - no doubt the Bank of Nova Scotia does - it is also a major Canadian bank. The BNS is a place where you go to buy and sell gold - for years it has filled this role in Canada. Other banks too - but the BNS has been a major player. I don't think its gold operations depend on the gold carry trade for its survival - if the POG rises substantially we will see people lining up again at the gold counter - so I would guess that the BNS and others profit when gold goes up - obviously they do. Leasing is just part of what they do.