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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T) -- Ignore unavailable to you. Want to Upgrade?

To: Brian MacDonald who wrote (431)	1/12/2000 9:41:00 AM
From: m jensen	Respond to of 922

The complexity of this whole debacle is beyond my scope of understanding i'm afraid. What would seem logical would be an obligation to cover the Hedge ( short position ) which would in my mind require going to the market of which would be positive for gold. Keeping that thought in mind would seem to be counter-productive to the desire to keep the POG down. I wonder what the leverage on paper to each ounce stands at today. If they were to let it run where would it settle out 500, 800, 1000?? My opinion in my state of ignorance is that the paper ie/ certificate's held by folks to gold/silver probably dwarfs the actual physical ability to cover. And we all know the fear of Y2 no (k) and a run on the banks since for the most part for each 100 on deposit the actual percentage held in cash form is far less than the original deposit. rant rant Mike