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


To: long-gone who wrote (53091)5/22/2000 9:24:00 AM
From: LLCF  Respond to of 116764
 
<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>

The derivatives outstanding inthe equity and bond markets probably dwarf the metals markets, however most banks have 'netting' agreements and watch their counterparty risk like hawks, I'm not sure how much 'net risk' is really out there?

DAK