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To: re3 who wrote (72551)	2/27/2001 6:04:47 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 436258

historically lease rate spikes have at times gone even higher. i'm a strong supporter of Butler's argument that the low lease rates are almost fraudulent...or at least highly suspicious, as no-one knows how the leased metal is supposed to be paid back. imagine you're a bank...you lend money, and the collateral for the loan gets in fact SOLD. you have no idea if it'll come back. and you charge 1% annually for that loan? something's not right there. and we're talking about a RESERVE asset after all...it's not necessary for it to 'earn a return'...it's quite o.k. if it just sits in the vault, backing the currency.