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To: Hawkmoon who wrote (53078)5/22/2000 7:02:00 AM
From: long-gone  Respond to of 116764
 

Monday, May 22, 2000 7:01 AM ET
To: Ron Reece who wrote ( 53079)
From: long-gone
<<So now you are advocating that all banks must reveal their positions on all of their derivative contracts, metal related or otherwise?>>

If a mining firm must have an accurate accounting of gold position then why require less from a insured (with your & my money) financial institution?

Truth is truth - nothing less.

One day, very soon, an accounting will occur when the bankers can no longer borrow another single ounce of gold(though silver will come far before due to industrial demand). I do not wish to have had to suffer the banks derivative positions twice.



To: Hawkmoon who wrote (53078)5/22/2000 7:03:00 AM
From: long-gone  Respond to of 116764
 

Monday, May 22, 2000 7:01 AM ET
To: Ron Reece who wrote ( 53079)
From: long-gone
<<So now you are advocating that all banks must reveal their positions on all of their derivative contracts, metal related or otherwise?>>

If a mining firm must have an accurate accounting of gold position then why require less from a insured (with your & my money) financial institution?

Truth is truth - nothing less.

One day, very soon, an accounting will occur when the bankers can no longer borrow another single ounce of gold(though silver will come far before due to industrial demand). I do not wish to have had to suffer the banks derivative positions twice.