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

To: The Vet who wrote (53082)	5/22/2000 7:07:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<Gold is traded in the form of paper certificates by all countries every day while the actual metal remains in New York or London in a bank vault and may not be moved physically at all. If certificates for two ounces were issued for each real ounce actually there, who would be any the wiser?>> The actual number is far more near 10000X than 2X if we are correct & could well be 10 times that in silver. As it has become clear in times of "systemic risk"(1929) in gold derivative postions Governments of the world will cover the bank as well as the mine while the taxpayer & bank investor will suffer, but the banker who printed the paper will see the worst Hell.