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

To: Square_Dealings who wrote (64256)2/23/2001 6:49:51 AM
From: long-gone  Read Replies (1) | Respond to of 116764
 
<<So the actual figure short could be multiplied many times over by the time it is finally to the market>>

So isn't the max figure figure "at the very least the number of hands the gold moves through + the number of speculators holding naked short positions"?



To: Square_Dealings who wrote (64256)2/23/2001 7:32:48 AM
From: Real Man  Read Replies (1) | Respond to of 116764
 
Thanks. This looks like the banking scheme with paper money (How actual
money injected into the system by the Fed is instantly multiplied by loans upon loans upon loans), only gold is not paper.. Hmm... Still don't quite understand it.
With paper - OK. But once you sell gold , it's gone.... Chains, rings, teeth, and stuff.



To: Square_Dealings who wrote (64256)2/23/2001 8:15:03 AM
From: Edmund Lee  Respond to of 116764
 
<CBs lease the gold out to bullion banks, the bullion banks "sell" the borrowed gold to dealers , the dealers sell short to manipulate the price of gold down>

Eventually, some of these gold was bought back by CBs at a low price and lease it out again. Is that a vicious cycle.


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