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

To: TATRADER who wrote (53383)	5/31/2000 2:19:00 AM
From: Alex	Read Replies (2) \| Respond to of 116762

On a more irregular basis, the BIS collects similar information for as close to the whole world as it can. Its last larger survey as of the end of June 1998 showed a total global figure for gold derivatives of $228 billion compared to a G-10 figure on the same date of $193 billion, indicating that at that time there was an additional $35 billion (or 3629 tonnes @ $300/oz.) in gold derivatives outside banks and dealers headquartered in G-10 countries. Accordingly, assuming a continuing difference of around the same magnitude, the total global gold derivatives market is on the order of 26,000 to 28,000 tonnes, more than twice the higher estimates of the net short physical position, and almost as large as the stated gold reserves of all the world's central banks put together. gold-eagle.com